The steel market will fluctuate in the short term.

Overall, in the first three quarters of this year, facing the complex and severe external environment and new situations and new problems in the domestic economic operation, all regions and departments across the country adhered to the general tone of work of seeking progress while maintaining stability, increased macro-control efforts, focused on deepening reform and opening up, expanding domestic demand, optimizing the economic structure, effectively implemented stock policies, and stepped up efforts to introduce incremental policies. The national economy was generally stable and progressing, production and demand grew steadily, employment and prices were generally stable, people's livelihood security was solid and effective, and high-quality development was steadily promoted. In September, most of my country's production and demand indicators improved, market expectations improved, and positive factors driving the economic recovery continued to increase. As far as the domestic steel market is concerned, from the supply side, affected by the peak season expectations and variety profitability, steel companies have increased their capacity release, and molten iron production has continued to rise, with different performances in specific varieties. According to data from the China Iron and Steel Association, in early October, the average daily output of crude steel of key statistical steel companies reached 2.049 million tons, a month-on-month increase of 1.7%. From the demand side, due to insufficient demand release, the market transaction surface shows an obvious unstable trend, and the mentality of end users to "buy high and not buy low" is more obvious. From the cost side, due to the recent slight drop in iron ore prices, scrap steel prices have fallen, and coke prices have risen slightly, the support for steel production costs still has a certain resilience.
The Lange Steel Research Center predicts that the domestic steel market will show a volatile market in the short term, under the influence of the time required for the implementation of macroeconomic policies, insufficient demand release during the peak season, continued increase in steel supply, unstable market transactions, and cost support maintaining a certain resilience.