The macroeconomic recovery will continue in 2021, and the recovery of overseas economy will lead to the recovery of China's direct and indirect steel exports.

At the same time, the depreciation of the currency Panasonic and the US dollar will not only boost the overall trend of bulk commodities, but also accelerate the recovery momentum of the domestic economy. Especially under the low base level of this year, it will further accelerate in the first half of next year, and the economic model dominated by internal circulation determines that the policy of promotion fees to stimulate domestic demand will continue to increase next year, It is conducive to the continuous recovery of downstream manufacturing industry with steel demand.

From the perspective of industry supply and demand, there will be a double increase in supply and demand. The demand pull of plate will be slightly stronger than that of building materials, and the total inventory pressure will be significantly relieved compared with this year. In addition, the ore price at the raw material end is under downward pressure, the single range is limited, the coke remains strong for a short time, and the trend of the raw material end still has strong support for the finished product next year. Therefore, it is expected that the average price of steel will move up as a whole in 2021, and the trend of plate is stronger than that of building materials.