Zhongjin Wealth Futures: It is expected that the short-term steel futures price rebound space will be limited, maintaining a pressure operation.

The Zhongjin Wealth Futures Research Report stated that the macro real estate data for the first quarter has recently been released. Although some indicators have shown a slight rebound and first-tier city housing prices have shown initial signs of stabilization, the overall real estate market in the country is still in a long-lasting bottoming-out period. The continued weakness in the end real estate sector not only does not alleviate the drag on actual downstream demand, but also remains under continuous pressure due to the reality of "weak demand". It is expected that the short-term rebound space for steel futures prices will be limited, maintaining a pressure operation.