20 12 can scrap steel still rise in the second half of the year?

Under normal circumstances, it is estimated that it will not rise.

As a substitute for ore, scrap steel is related to the price trend of ore. The price of ore is related to the price trend of terminal steel. Only in the second half of this year, it is estimated that there will be no large-scale investment that will lead to steel shortage. It is difficult for steel prices to rise sharply, only a short-term rebound.

So, I'm afraid the scrap price you mentioned will only rebound, and there will be no new round of increase.

In addition, the price of steel in China is cyclical, and the autumn and winter seasons are approaching, and the demand for steel will further weaken in the future, so it is difficult for scrap prices to perform well.

Scope of financial cases

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