Since the beginning of this year, in addition to the short-term rebound in April and May, the steel market has been on the "high-altitude slide" almost the whole time, and it has been falling. The alloy steel pipe market is entering the off-season again, the economy is picking up slowly, and the cost support is far from enough. I really dare not talk about the rise; but from the subtle changes, I believe that the steel price will eventually usher in this summer. There is a decent rebound in the market, but whether it can be successfully grasped is the key. After entering June, the domestic steel market destocking decreased significantly. Weekly inventory statistics show that the destocking rate has dropped sharply from the previous 500,000-700,000 tons/week to 200,000-300,000 tons/week, a decrease of 50%. Above, but even so, the decline in steel prices has changed a lot, and market prices are mostly weak and stable. The resistance of some varieties such as hot coils has been significantly enhanced, and the willingness of the market to kill the decline has already disappeared, and the price adjustment of steel mills is mostly based on stability, and does not support the downward trend. The current narrow range shock can only be said to be a helpless "groan"-the rise is weak, and the fall is unwilling. The market may take this opportunity to achieve the bottom of the current round of prices.

　　In the context of a sharp decline in demand in the downstream steel market in June and a continued drop in costs, steel prices have stabilized obviously, indicating that the general direction is shifting to a strong side. These changes are mostly concentrated on changes in policies, stabilizing growth projects, and the economy. From the perspective of the overall environment, it is rare to focus on anti-corruption efforts, and the scale is really rare. Under such major actions, alloy steel pipes need to be backed by stable economic growth. It has become a fact that the economic growth rate in the first and second quarters is lower than the annual target of 7.5%, so how to achieve the annual target of 7.5%, the next two quarters are very critical. The investment is the main body and must be increased, otherwise it will be difficult to achieve it. In terms of momentum, gaining momentum is underway.

　　insist on "going out" for overseas mergers. The low iron ore price in the international market has severely constrained China’s “going out” resource strategy. Some overseas “rights and interests” mines are in a difficult situation. Even so, they must persist in “going out” and actively seek opportunities for overseas mine mergers and reorganizations. , Realize the diversification of iron ore supply channels. We must see that the iron ore market in the international market has fallen sharply, and the world's mining giants have to produce at full capacity and dare not sacrifice the killer copper of "reduced production and insured prices" because of China's global iron ore resource layout. Without this strategic move, the world's mining giants are bound to have no hesitation, and the price of Chinese alloy steel pipes would have risen instead of falling. Therefore, the temporary dilemma of the "rights and interests mine" is actually a partial benefit in exchange for the overall benefit. Relevant parties should provide appropriate compensation to improve our strategic layout of iron ore resources.