Domestic steel market prices fell

Domestic steel market prices fell On February 14, the domestic steel market price fell, and the ex-factory price of Tangshan common billet was stable at 4,700 yuan/ton. Recently, many departments and institutions, including the National Development and Reform Commission, the State Administration of Market Supervision, and the China Iron and Steel Association, have proposed to strengthen market supervision and ensure the smooth operation of the iron ore market. Recently, iron ore and steel futures markets rose and fell, and steel prices adjusted accordingly. In the second half of February, downstream construction will start successively, and demand will continue to recover. Supply is subject to environmental protection and production restrictions. The pressure on the supply and demand side of the steel market is acceptable, but the price of raw materials and fuels fluctuates sharply, causing the market to be cautious. In view of the suspicion of excessive speculation in the raw and fuel market, the price of iron ore futures has risen and fallen recently, and the price of steel futures has weakened. Short-term steel prices may show a reasonable adjustment after rising too fast. Post time: Feb-15-2022