Recently, with the arrival of the peak season in the steel market, steel prices have changed their previous slump and shown a significant upward trend. Since late September, steel prices have risen by 15.36%. This change is mainly due to policy intensification, demand recovery, and cost support.

The latest data released by the National Bureau of Statistics shows that in late September, compared to mid September, the price of rebar increased by 149.5 yuan/ton, an increase of 4.6%. Hot rolled coil and cold-rolled coil have also experienced varying degrees of price increase. This change not only boosted market confidence, but also improved the profitability of steel companies.

As the peak demand season approaches and the market environment gradually improves, steel companies are expected to turn losses into profits. According to monitoring data from the Lange Steel Research Center, the gross profit of spot raw materials and two-week inventory raw materials for grade III rebar in September was converted from loss to profit. The steel circulation PMI index has returned to the expansion range after four months.

The market remains optimistic about future market trends. With the continuous implementation of macro policies and expectations of demand improvement, terminal production will be at a relatively high level, and the market supply and demand pattern may improve. It is expected that steel companies will achieve a turnaround from losses to profits in October, driven by the fluctuating upward trend in the steel market.