The Steel Industry Continues To Rebound. Market demand has rebounded and the overall situation is still relatively insufficient.
In April, the recovery rate of construction and manufacturing under the implementation of the normalized epidemic prevention and control work in all regions has increased. The demand for steel continues to rise on the basis of March, but the recovery rate is relatively small, and the current Demand level is lower than the same period in previous years. The new orders index was 39.9%, an increase of 1.4 percentage points from March. Since the impact of the epidemic is still continuing, key projects and infrastructure investment have not yet fully played their role, and the overall steel market demand is still relatively insufficient. At the same time, due to the outbreak of foreign epidemics, external demand has dropped significantly. The index of new export orders was 27.8%, which was below 30% for two consecutive months.
It is understood that most domestic enterprises have now resumed work, the impact of the epidemic on the downstream continues to weaken, and demand has rebounded. According to the survey, the current regional demand performance is quite different, with strong north China and east China, and unsatisfactory south China. Judging from the monitored purchasing data of terminal spirals in Shanghai, in April, the average daily purchase volume of terminals continued to rise month-on-month, but the growth rate slowed down significantly.
