analysis by سهم گلچین about Stock فولاد on 9/30/2024

🔺 Powerful China steel from precious floors ✔️ Future Transactions of Steel rebar in the midst of improving the building's input prospects after reducing housing restrictions in key cities of China reached a 7 % increase to 3420 yuan per tonne, the highest in the last three months. 🔹. Shanghai, Guangzhou and Shenzhen reduced regulations for housing buyers and reflected previous actions in Beijing and other cities to deal with the crisis in the country's real estate market. The Chinese government has pledged to announce offensive financial stimuli in the next date, and PBOC reduced a number of key interest rates and abandoned cash to support cheaper housing loans. 🔹 Meanwhile, PMI of NBS construction refused to slow down in September to raise hopes that reduced rebar demand could have reached floor and increase prices. China's financial and commodity markets were closed from October 1-7 due to the country's golden week celebrations.