1.Market review

 

　　 The trend of steel prices in the national market this week is that the north is stable and the south is weak. The mainstream is lowered by about 10-60 from the mainstream last Friday. The snails fluctuate sideways, seasonal expectations continue to suppress, and terminal demand drops to freezing point

 

2.Market forecast

 

　　 Looking at the steel market next week, through analysis of various factors, we expect that the steel price trend next week will mainly run in a narrow range.

 

The main reasons are as follows:

From a bullish point of view:

1). The operating rate of steel mills is low, and output fluctuations are not obvious.

2). The billet trend is firm and the underpinning is strong.

3). The long-term funds have not been withdrawn.

 

From the point of view of the negative:

1). Terminal demand has entered freezing point

2), winter storage prices are high, traders are resistant to high prices,

3), most regions issue orange pollution warnings, and more emergency measures to reduce emissions