In the second half of 2010, it is difficult to increase the price of steel products.

By August 20th, domestic steel prices had risen for five weeks in a “per capita not optimistic” period, and the domestic steel price index was 155.1 points, up 0.5% from the previous week.

Research analyst Yang Yang believes that the rebound in steel prices has now exceeded one month. After the price rises, the degree of downstream acceptance has been significantly reduced. This indicates that the current downstream demand is not a rigid demand. On the other hand, it also indicates that the downstream demand has been fully released. It will take some time.

Regarding the trend of steel prices in the second half of the year, the China Steel Association said that although steel demand will continue to grow steadily, prices will hardly rise. The reason for judging that demand has maintained steady growth is because China’s overall economy is in a good state of operation. The country is initiating some large-scale investment plans that are conducive to driving overall growth.