Don't be discouraged! Market confidence is frustrated, Steel Market: I can

Judging from the market situation, the spot market mentality is loose, merchants mostly follow the market to adjust prices, the price is cautious, the terminal cautious mentality is gradually rising, the overall transaction is flat, and the raw materials are still firm. With the convening of the two sessions, there will be some pressure after the positive realization, but it is difficult to have large fluctuations. The main stability is expected to be weak on the weekend.

Influence factor
1. Frequent high-priced land, land market heat up
Recently, high-priced land in first-tier cities such as Shenzhen, Guangzhou, and Beijing has frequently appeared. Under the influence of policies such as RRR cuts, housing companies' enthusiasm for land acquisition has gradually increased, and many cities have successively seen land transactions with high premium rates. 

2. It is expected that the new burden reduction for enterprises will exceed 2.5 trillion yuan for the whole year
Government work report: Continue to implement the system of lowering the value-added tax rate and enterprise pension insurance rate this year, adding about 500 billion yuan in tax reduction and fee reduction. The tax reduction and fee reduction policies due before June were issued in the early stage, and the implementation period was extended to the end of this year.

3. People's Daily commented that "no GDP target": more pragmatic and flexible to deal with uncertainty
People ’s Daily: Without setting specific figures for GDP, it is not that we have no confidence in future growth, but that we are able to respond to risk challenges more pragmatically and flexibly. This is precisely a manifestation of confidence. Even if one is forcibly designed, it will be unpredictable in the future. In the circumstances, it is very likely that they will self-restraint and abduct the macro policy.

4. Steel mill price adjustment: the largest increase from the previous day to 200 fell to 10 steel mill prices stabilized

5. Spot market: the average price is stable and part of the decline

The analyst has something to say
Although there is no specific target for the annual economic growth this year, there are not many traditional infrastructure proposals, which seems to make some people feel lack of confidence.
However, we should also see that the country is in a critical period of transformation and upgrading. Traditional infrastructure still occupies "most of the rivers and mountains" in the entire large-scale infrastructure. The country's policy objectives and measures have turned to long-term people's livelihood and small and medium-sized enterprises. The country's "big hand" support will not be too sad in the future ... believe the future market, come on!