Looking forward to the steel market in January 2023

Looking forward to 2023, there will be some changes in the logic of steel market transactions. First, epidemic prevention and real estate policies have been optimized; Second, the economic cycles of different economies switch in stagflation, recession and recovery; The third is the inventory cycle from active to passive destocking. Under this background, there is no doubt that the center of gravity has further downward pressure on commodity prices. Although there has been a staged rebound, the height of the rebound will still be restricted.
Looking forward to 2023, China's steel market may show a trend of "from yin to yang", that is, only when difficulties are fully revealed, risks are released as much as possible, the economy cannot get worse, prices cannot continue to fall, steel mills cannot lose any more, and the steel market, especially prices, can and will win a real rebound; At the same time, it may also show the performance of "low but not high", but it should be noted that the "low" here is different from 2014's view of 2015 (2015 is a rebound relative to the bottom). It refers to the high point rebounded, and there is no height relative to the average price in 2022.

Looking forward to 2023, it will be the first year of Chinese path to modernization, the key year of China's "14th Five Year Plan", the year of decisive victory in epidemic prevention and control, the year of gradual easing of the China US game, and the year when the Russia Ukraine conflict must end. The year 2023 is still full of challenges and risks, but after all, if there is no accident, the dark time may be over. As long as we are optimistic and actively achieve "2035": pursue two aspects of beauty, adhere to zero tolerance, achieve three combinations, and grasp five key points, the short, medium, and long term goals and dreams of enterprises and individuals will be realized!

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