Shanghai Securities News: Behind the sound of "rise", the "anti-inner loop" effect is expanding.

Traditional consumption off-season, steel prices have rebounded. Shanghai Steel Union data shows that on July 23, the domestic prices of 18mm rebar, 4.75mm hot-rolled coil, and 1mm cold-rolled coil were 3416 yuan/ton, 3490 yuan/ton, and 3940 yuan/ton respectively, representing increases of 7.8%, 8.5%, and 6.9% compared to the year's lows. The futures market saw even more significant increases, with the main rebar contract closing at 3274 yuan/ton on the afternoon of July 23, up 12.4% from the year's lowest price on June 3. The main hot-rolled coil contract closed at 3438 yuan/ton during the same period, up 13.6% from the year's low. In the A-share market, the stock prices of many steel companies also rose sharply. Interviewees believe that factors such as expectations of the "anti-polarization" policy and cost support have ignited enthusiasm in the steel market this round.