Macro analysis: Looking ahead 2017, we believe that the international steel market into the rising channel. Overall, the decline in the previous period is due to the global economy into a decline in the cycle caused by weakening demand. In 2016, although the world has experienced more "changes", especially part of the EU member states "off Europe", to the world form to bring new changes, but on the whole, the global economy has emerged bottoming out the pattern, from The annual ISM manufacturing index also showed a slow recovery. It is the stabilization of the global economy rebounded, leading to a modest rise in demand for steel, led the global steel market into the recovery channel.
From the Chinese economic point of view still have strong development potential, in addition to the implementation of the Chinese government to the steel industry to implement the policy, China's steel production capacity in the history of the momentum of rapid growth has been contained, so the Asian market is also expected to recover steadily, but based on the Chinese market Of the violent volatility characteristics, is expected to be a whole twists and turns roundabout form.
To sum up, we believe that the international steel market in 2017 will enter the rising channel, the overall will show a spiral up pattern.
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