Steel prices continued their overall downward trend from the end of August to the beginning of September

I. Steel price trends from late August to early September

1. Price movements:

1. According to information from several sources, steel prices did experience some volatility during the period from late August to early September. Especially in late August, although some steel prices showed signs of stopping the decline and rebounding, overall, the steel market was still affected by multiple factors such as the off-season effect, hot and rainy weather, and the switch between the old and new national standards, and prices showed a downward trend.

2. For example, rebar, wire rod and other steel varieties of prices in the second half of August, although some rebound, but the decline in the early part of the larger, and the overall is still at a relatively low level.

2. Reason analysis:

1. Off-season characteristics are obvious: August is the traditional off-season in the steel industry, the market demand is relatively weak, the formation of price suppression.

2. Weather factors: high temperature and rainy weather persisted in many parts of the country, affecting the construction and transportation of steel products, further suppressing market demand.

3. Conflicts between supply and demand: on the supply side, steel enterprises faced loss pressure, and some of them reduced supply through production cuts and overhauls; on the demand side, the lack of demand for steel products in the downstream industry led to prominent conflicts between supply and demand.

Second, the impact of overall steel product prices on buyers

1. Purchasing cost advantage:

1. The fall in steel prices has given purchasers a greater cost advantage in procuring steel-based products. Lower procurement costs help to enhance the profit margins of purchasers and strengthen their market competitiveness.

2. Especially in the construction industry, manufacturing industry and other areas that require a large number of steel products, the reduction of procurement costs will be directly reflected in the cost of products, which will help companies control costs and improve efficiency.

2. Purchasing strategy adjustment:

1. In the face of the downward trend of steel prices, buyers can make timely adjustments to their purchasing strategies, such as increasing inventories and optimizing the supplier structure, in order to better respond to market changes.

2. At the same time, buyers should also pay close attention to market dynamics and policy changes, in order to adjust procurement plans and strategies in a timely manner.

Third, the future outlook

1. Price trend forecast:

1. Into September, with the gradual receding of the impact of hot and rainy weather and the arrival of the traditional peak season of the steel industry, market demand is expected to pick up. At the same time, the Federal Reserve interest rate cuts are expected to enhance the domestic macro-policies continue to take effect and other factors will also form a certain support for steel prices.

2. Therefore, it is expected that steel prices in September is expected to show a shock rebound trend. However, it should be noted that, due to the market supply and demand contradictions still exist and more complex and changeable, the rebound in steel prices and the duration of uncertainty still exists.

2. Suggestions and precautions:

1. For buyers, while enjoying the advantages of the current procurement costs should also remain vigilant, pay close attention to market dynamics and policy changes, in order to adjust the procurement strategy and plan in a timely manner.

2. At the same time, buyers should also strengthen communication and cooperation with suppliers to jointly meet the challenges and opportunities brought by market changes.

FOSHAN EVER RISING main products are mainly raw materials are steel materials, also received this steel prices downward favorable, and our suppliers to communicate closely, in order to provide more competitive, better quality steel materials to produce our KITCHEN STORAGE RACK, FRUIT STORAGE BASKET to our customers sales.

Our customers in the world market, in the face of this year's market adjustment, as well as the economic downturn and other pressures, the need to have a competitive price, we will continue to optimize the cost, and actively cooperate with the needs of customers, and customers to meet the challenges of the market together.