Before the Lantern Festival, there was a slight rebound in domestic steel prices. Since then, domestic steel prices began to show a continuous downward trend, and the adjustment of iron and steel stocks in the two tier market is earlier.The main steel products index has been showing a trend of concussion since it hit a high level at the end of 11 in 2017. Although it has rebounded during the past few years, the core of the main steel product is moving downward.

 

The emerging trade dispute between China and the United States has also made a clear pressure on the market, increasing the pessimistic sentiment of the iron and steel market in the short term.

He Hangsheng, a steel analyst at business association, said that the US is not the main exporter of steel in China. It will not affect the overall volume of China's steel exports, but it will also affect the attitude of other countries to import China's steel products.

 

Tianfeng Securities said in the latest research report, by the Sino US trade war with the end of the month intermediary for the return of funds and shipping prices, steel prices overall fell significantly last week. But when the short-term negative emotions are finished, it is expected that the trend of tighter supply and demand will remain unchanged.

 

Fang Da steel, in its annual report 2017, predicts that in 2018, China's steel industry is still undergoing transformation and upgrading. The domestic steel supply and demand fundamentals will also gradually shift from tight balance to loose transition. In 2017, the situation of strong steel and weak raw materials will be difficult to continue in 2018, and the profit of steel enterprises will be narrowed down. In general, it is expected that the price of steel will take on a wide range of shocks in 2018.