On July 17, the 2026 “My Steel” Mid-Year Conference and Steel Industry Chain Collaborative Innovation and High Quality Development Forum was held in Beijing. The Shanghai Steel Federation predicts that overall steel prices in the second half of this year will be dominated by range-bound fluctuations, making it difficult to experience a one-sided trend. The price fluctuation range is basically the same as in the first half of the year. In terms of the geographical situation, negotiations between the US and Iran continue, but the market is less sensitive to this. It is expected that oil price fluctuations will gradually become reasonable, and inflation premiums and energy benefits due to the geopolitical conflict will subside in the first half of the year. On the raw material side, the safety rectification work in domestic coal mines has gradually come to an end, coking coal production has been released in an orderly manner, and the tight supply of raw materials has gradually eased. Coal coke prices may rise and fall, but the price focus is significantly higher than in the first half of the year; iron ore supply has remained relaxed and prices have declined; and the overall cost side is relatively stable. In terms of steel supply and demand, demand for steel terminals continued to recover moderately in the second half of the year, infrastructure continued to underpin the market, and manufacturing demand picked up steadily. At the same time, steel mills will flexibly adjust the production pace according to market conditions to continue the weak balance between supply and demand, making it difficult for supply and demand to be drastically mismatched. Overall, the balance of power between long and short in the steel market in the second half of the year lacked the core variables driving drastic changes in prices.
Zhitongcaijing · 2d ago
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On July 17, the 2026 “My Steel” Mid-Year Conference and Steel Industry Chain Collaborative Innovation and High Quality Development Forum was held in Beijing. The Shanghai Steel Federation predicts that overall steel prices in the second half of this year will be dominated by range-bound fluctuations, making it difficult to experience a one-sided trend. The price fluctuation range is basically the same as in the first half of the year. In terms of the geographical situation, negotiations between the US and Iran continue, but the market is less sensitive to this. It is expected that oil price fluctuations will gradually become reasonable, and inflation premiums and energy benefits due to the geopolitical conflict will subside in the first half of the year. On the raw material side, the safety rectification work in domestic coal mines has gradually come to an end, coking coal production has been released in an orderly manner, and the tight supply of raw materials has gradually eased. Coal coke prices may rise and fall, but the price focus is significantly higher than in the first half of the year; iron ore supply has remained relaxed and prices have declined; and the overall cost side is relatively stable. In terms of steel supply and demand, demand for steel terminals continued to recover moderately in the second half of the year, infrastructure continued to underpin the market, and manufacturing demand picked up steadily. At the same time, steel mills will flexibly adjust the production pace according to market conditions to continue the weak balance between supply and demand, making it difficult for supply and demand to be drastically mismatched. Overall, the balance of power between long and short in the steel market in the second half of the year lacked the core variables driving drastic changes in prices.
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