The probability of steel prices regaining their upward trend is increasing, and steel companies should continue to adhere to self-discipline to control production and reduce inventories

Golden Ten Futures, May 7th, with the continuous appearance of macro and industrial benefits, in the case of slowing down the pace of steel production and strong demand resilience, < b > there is still room for improvement in the supply and demand relationship in the steel market in the later stage, and the probability of steel prices regaining their upward trend is increasing . At present, the improvement of the steel market situation is hard-won, and the active contraction of supply is an important factor for the recent easing of the contradiction between supply and demand in the steel market and the bottoming of steel prices. Steel enterprises should fully realize that under the current market situation, self-regulation and production control is the only way to maintain the stable operation of the steel market. All enterprises should actively practice the "three determinations and three no" business principle proposed by the Steel Association, firmly make production and operation arrangements in accordance with relevant national policies, continue to adhere to self-discipline to control production and reduce inventory, and do not blindly expand production and grab production to avoid a new round of supply and demand imbalance.