Over the years under the policy of steady growth of steel prices

Over the years under the policy of steady growth of steel prices

Looking back at history, China has experienced five rounds of steady growth in the past decade: 2008-09, 12-13, 15-16, 18-19 and 20. 

During the five rounds of steady growth, from the 2008 financial crisis to the outbreak of the global coronavirus outbreak in 20 years, steel prices in the domestic spot market (with Shanghai market as the target) rose and fell, which is difficult to see the rule. But in the middle and late periods of each round of steady growth, steel prices all rebounded without exception. 

At the same time, in each round of steady growth period, steel prices are usually large amplitude, and usually need to usher in a wave of decline, and then usher in a rebound. 

From the perspective of history, the steady growth policy usually needs a certain preheating period, force period and effect period, the length of time required for each period is different, steel prices are also with the market for the steady growth policy corresponding to the period of absorption and wide shock.