From March 30th to April 1st, Beijing, Shanghai, Shenzhen, Guangzhou, Tianjin, Chongqing, Nanjing, Dalian, Jinan, Hefei, Xiamen, Qingdao and other places issued centralized regulations for the new “Guowu” property market, which caused widespread Concerned about the collection of 20% of personal income tax, the proportion of second housing down payment and ** interest rates, new home prices and other issues have made their own comments.

For example, Beijing’s “State of the Five” Rule clearly stipulates that starting from March 31st, a single person in Beijing shall purchase a suite; further increase the proportion of first mortgage payment in the second house, and the new and old policies shall be based on the time for the stock purchase contract. Shanghai's Regulations stipulates that the second set of housing credit policies shall be strictly implemented, and the ** qualification review of borrowers such as foreign lands, foreigners, divorces, and young people shall be intensified, and shall not be illegally distributed to borrowers that do not meet credit policies; Issued third or more home buyers**. Guangzhou continued to implement the purchase restriction and price limit policies, and requested the province's cities to realize housing information networking within the year.

The rules issued by cities such as Jinan, Nanjing, and Qingdao explicitly require that the increase in the price of newly built commodity housing be lower than the actual increase in the per capita disposable income of urban residents. The detailed rules in Chongqing even made it clear that for commercial housing projects with over-quota or excessively fast prices, the pre-sale permit will not be issued for the time being.

This round of “central-local linkage” regulation and control policies spurred an “Iron fist” to the once again soaring house prices, showing that the firm determination of the new government to further safeguard the results of real estate regulation and control has rapidly been implemented into local government policies. Severe market regulation of the New Deal will inevitably have a certain impact on the future operation of the steel market.

First, from the point of view of the actual demand, the implementation of local regulations and regulations, especially for the new commodity housing prices strictly limit the real estate developers will significantly reduce the enthusiasm of the development and construction of new houses, a direct impact on real estate new construction The number of items. This will have a greater impact on the demand for construction steel. If the above policies are strictly implemented, it is expected that the construction steel market in a large number of second-tier cities will face the pressure of insufficient demand.

At present, China's construction steel accounts for about 50% of the total steel consumption, of which, steel for real estate construction accounts for more than 60% of construction steel. The shrinking demand for steel for the real estate industry will undoubtedly directly affect the activity of the entire steel market. At the same time, the cooling down of the real estate market will inevitably affect many downstream steel industries such as home appliances, hardware, automobiles, and construction steel structures, indirectly affecting the demand for steel.

Secondly, judging from the impact on market expectations, this round of tightening control policies has made the steel market’s expectations of the negative property market worse, and believes that this negative will directly affect the demand for steel products. This expectation will prompt the steel market. The pessimistic atmosphere was aggravated, which in turn drove the steel market to weaken.

However, as far as regulatory regulations in various regions are concerned, the regulation and control of the second-hand housing market is still greater than the new housing market, which is conducive to the stimulation of the release of new housing needs; at the same time, local policies for affordable housing, shantytowns, transformation of housing and small and medium-sized sets The supply of ordinary commercial housing land has been strengthened, which may stimulate developers to take land for construction. Suppression in prices, but in the supply and demand to stimulate the development of new homes enthusiasm, which will objectively make the development of new homes will not fall sharply, coupled with the pull of affordable housing, construction steel demand may be even more than in previous years Downturn, but there is still a certain amount of protection.

In the short term, with the weather improving in April, the start of construction sites will increase from March, but the rebound in demand is only seasonal. With the further implementation and overstating of the regulation of the property market, the long-term market demand for construction steel will inevitably be limited, and market confidence will also be weak, thus constraining the price rebound.