What impact does the novel coronavirus pneumonia bring on the steel industry

The impact of the epidemic on the steel industry is mainly concentrated in the first quarter, and the overall situation of steel industry is better than last year in the whole year.

In the short term, the impact of the epidemic on the downstream demand side is greater than that on the steel production side, resulting in the decline of raw materials and steel prices. It is estimated that the steel industry's production and operation situation in the first quarter is not optimistic.

In the medium term, with the improvement or end of the epidemic, the impact on the steel industry will gradually weaken. At the same time, with the continuous increase of the National Counter cyclical regulation policy and the continuous implementation of various measures to stabilize growth, the steel demand will usher in a wave of centralized release, and the production and operation situation of the steel industry is expected to improve in the second quarter.

Throughout the year, the overall situation of the iron and steel industry is better than that of last year, just because the outbreak will disturb the economic development, but with the support of a series of policies to achieve a well-off society in an all-round way and stable growth, the overall operation will show a trend of first restraining and then raising. With the thorough control of the epidemic and the active response of the state and governments at all levels, the economy will quickly return to normal level, and the situation will be better in the second half of the year. Therefore, in the face of the new situation and problems in the operation of the industry brought by the epidemic situation, the iron and steel industry and enterprises should rationally analyze, accurately judge and fully grasp the market trend.