Steel market condition analysis

On the construction steel aspect, the prices rose sharply in nearly two days, the downstream procurement enthusiasm has weakened. Spot high turnover performance is poor, the market’s wait and see mood is thicker. It is expected that today’s domestic construction steel will continue to narrow the consolidation.

On the cold rolled coil aspect, black commodity futures trend high and volatile. And the billet was in a slight correction at afternoon. In the cold-rolled steel market, individual specifications appear slightly loose. And it is expected today that the cold-rolled prices will be shock or on consolidation.

Yesterday the domestic steel prices was in a narrow range, the market continues to perform “off-season is not light”. However, the high turnover was weak, merchants also try to avoid excessive blind rise.

According to CAMELSTEEL market analysts understand that the northern billet fell slightly, cost vane relative to the weak. But it’s also play a certain “cooling” role to the market. In terms of market outlook, the cost of new steel mills will continue to rise, the market will continue to rise passively.

It is expected that the short-term steel market will run at a high level and need to pay attention to shipments and inventory.