Black futures plummeted across the board, steel prices continued to fall
Date: 2022-05-10
Black futures plummeted across the board, steel prices continued to fall
On May 9, the domestic steel market prices fell across the board, and the ex-factory price of Tangshan ordinary billet fell by 30 to 4,680 yuan/ton. On the 9th, black futures plummeted across the board, the market panic spread, the trading atmosphere was deserted, and the merchants had strong selling sentiment.
The domestic epidemic has repeatedly superimposed the heavy rainfall in the south, and the demand is not expected to be expected. At the same time, due to the low efficiency of steel mills, the willingness to suppress the prices of raw materials such as iron ore and coke will increase, and the support of steel costs will decrease. In the short term, the fundamentals of the steel market are weak, and the price of steel may weaken due to shocks.
Post time: May-10-2022
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