"Research Report Digging Gold" Institution: The demand for the steel industry is expected to exceed market expectations in 2024
The institution pointed out that domestic macroeconomic policies continue to provide support, and the expectation of the Federal Reserve's interest rate cut in 2024 is strengthened. Construction steel is expected to warm up in 2024, and the operating rate of steel mills may rebound, forming a certain positive expectation for demand for coking coal. The prices of raw materials such as iron ore and coking coal have stabilized, and with the warming of downstream demand for real estate and infrastructure steel, the profitability of steel is expected to recover.