Last week the steel price still shows shaking running mode, but it becomes better than that of before. Currently, the market fundamentals does not changed largely. And the merchants do not have the great following raise and fall desire.
From the related information, CAMELSTEEL finds some important information about the market trend of this week. Firstly, the USA has implemented the interest increasing policy. And the increasing 25 rates points almost coincides the market expectation. And people forecasts that there is a interest increasing this year. Secondly, some national super data has been shown in succession. People can not find some good market push trend from the related data. The growth speed of most industries shows fall after rise trend and the economic growth starts to fall down.
In the short period, the national steel market fundamentals does not have a great change. And the future market’ rebound basis is not firm. So there still has some risks. At present time, the rebound has finished, but it still have the possibility of shaking adjustment. When people do the operation, please practice more and speak less, make profit of cash flows and try to arbitrage. But the high price variance still support the market.
