Lates News

Galaxy Securities of China stated that in the year of planning and layout for development during the "15th Five-Year Plan", the structure of major national projects is expected to be further optimized. Currently, the demand for steel is transitioning from real estate to high-end manufacturing. The domestic manufacturing industry in China is expected to continue to transform and upgrade, with steel mills expected to resume production. There is rigid support for steel demand from the manufacturing industry. Infrastructure demand is expected to be concentrated and released in the future, and overall demand is expected to stabilize and rebound. As the transformation and upgrading of the manufacturing industry accelerates, the demand for steel in the high-end manufacturing industry is expected to marginally improve. In addition, benefiting from the continuous development of downstream industries such as aerospace, automotive manufacturing, and home appliance replacement, the prospects for special steel consumption are good, and special steel companies are expected to achieve stable growth. Looking ahead, under the positive influence of policies, the supply side of the steel industry is expected to continue to be optimized, downstream manufacturing demand is expected to grow, and the fundamentals of the steel industry are expected to marginally improve.