European standard H-shaped steel

Recently, the European standard H-beam steel market seems to be gradually returning to rationality, with both the range and magnitude of decline narrowing and gradually stabilizing.

From the current market situation, in terms of resources, there are a small number of resources gradually arriving in the market at this stage, and the phenomenon of shortage is not serious. However, overall, the available resources in the market are limited, and with the support of low inventory, merchants have a strong willingness to firmly quote. For a long time, demand has been consistently sluggish, and transactions have been very light. There has been no sign of "prosperity" during the peak season, and European standard H-beams should not be expected to bring surprises to the sluggish demand during the off-season.

It can be said that after being in such an environment for a long time, businesses are exhausted because subjectively, whether it is price adjustment or not, transactions will not improve unless demand starts to become clear under the positive stimulation of certain factors, but now it seems unrealistic. At present, the contradiction between supply and demand still exists, and this situation is difficult to improve in a relatively short period of time.

Fortunately, low inventory still holds a certain advantage, and there is limited room for price reductions. In view of this, it is expected that in the short term, the European standard H-beam market prices may be mainly weak consolidation.