In the second half of 2023, the trend of steel will be as follows: 

1. There will be an increase in demand and prices. The investment in infrastructure in developing countries such as China and India is gradually increasing, which will also lead to an increase in demand for steel. Therefore, the steel market in the second half of 2023 will show an increasing demand and rising prices.
2. The pattern of steel demand will be strong internally but weak externally. In 2023, investment will further play a key role in maintaining stable economic growth. Overall, fixed asset investments in construction, equipment manufacturing, real estate, private investment, overseas investment, and other areas will be fully utilized, which will reverse the weak growth in overall national fixed asset investment last year, thereby leading to a substantial increase in demand for construction steel.
3. The demand structure for steel building materials is better than production materials. As overall fixed asset investment reverses the weak growth trend of the previous year, there will be a substantial increase in demand for construction steel.
4. The amount of steel resources is relatively stable. In 2022, there will be a significant decrease in steel inventory levels, and the regulatory effect of market inventory will weaken. According to data estimates, the national crude steel output in 2022 will decrease by about 2% compared to the previous year. Against the backdrop of stable domestic demand and continued import contraction, it is expected that there will not be much room for further decline in crude steel production in 2023.

   In summary, the trend of steel in the second half of 2023 will show an increase in demand and rising prices, while also paying attention to market changes and policy factors that could affect the market.