Steel mills cut prices on a large scale, and the decline in steel prices slowed down

Steel mills cut prices on a large scale, and the decline in steel prices slowed down On April 26, the domestic steel market price continued to fall, and the ex-factory price of Tangshan ordinary billet rose by 20 to 4,720 yuan/ton. On the 26th, black futures generally fell, but the decline slowed down, the pessimism eased, and the low-price transaction in the steel spot market improved. At present, the implementation of macro policies has continued to increase, but due to the repeated domestic epidemics, the progress of resumption of work and production in many places has been slow, and the release of steel demand in April was less than expected. At the same time, there is concern that steel mills will lose production and reduce production. Recently, iron ore prices have fallen significantly, and cost support has moved down. After the panic selling on Monday, the market sentiment gradually stabilized on Tuesday, and the black futures market opened lower as a whole and moved higher. Short-term steel prices or weak shocks. Post time: Apr-27-2022