Steel mills have raised prices intensively, and the rise in steel prices has become sluggish

Steel mills have raised prices intensively, and the rise in steel prices has become sluggish On April 21, the domestic steel market was mixed, and the ex-factory price of Tangshan ordinary billet was stable at 4,830 yuan/ton. On the 21st, the steel futures market fluctuated and fell, and many places were still disturbed by the epidemic, resulting in poor performance of terminal demand. On the 21st, the main force of the futures snail fluctuated weakly, and the closing price fell 0.71% at 5058. DIF and DEA both fell, and the RSI third-line indicator was at 54-57, running between the middle and upper rails of the Bollinger Band. Due to the low efficiency of steel mills and the implementation of sealing and control management in many places in Hebei, it is expected that the recovery speed of steel production will slow down. The recent performance of steel demand is still unstable. Considering the resumption of work and production in some regions, the overall demand has improved slightly. It is expected that the accumulative pressure of steel mills will weaken, coupled with high cost support, short-term steel prices may continue to fluctuate at a high level. Post time: Apr-22-2022