Next year, the growth or decline of steel demand will not exceed a large range. In this case, we will come back because we care about the price. Let's forecast it again. Assuming that the steel plant does not compress the capacity and maintains the current capacity trend, it is obvious that the steel plant can only make up for some demand vacancy by reducing the price and taking the order. When the price is reduced to steel Plant cost, steel plant will take the initiative to reduce production capacity. And we just saw our demand support. Although there will be no big growth, there will be enough support. So the demand support will be put here again, and the two will quickly reach a balance, and the price will rebound to the normal profit range of the steel plant.
Maybe many of us here want to hear a clear figure, whether it's down or up. I don't think we should say that on this occasion today, because we're here to do business. It's the most important thing to grasp the trend and do the right thing. There's no need to entangle in the specific price baseline.
In addition, I'm not a professional market analyst. I've said a lot. I feel like a prodigy. Today, let's sum up with a sentence: "the next year will be a year for a steel mill to constantly seek weak balance between profit and output". So my judgment on the market is that "the annual rate is a process of price reduction and balance seeking, and the year after is a weak balance wave process of maintaining reasonable profit". This is a high probability event.
However, if the big probability is not realized unfortunately, if the profit of the steel plant cannot be reduced to the cost line at the end of the year, which will put some pressure on the production planning of the steel plant next year, in turn, the market of the next year may be worse, and we all hope that this result will not occur.