Steel price or shock adjustment next week

Steel price or shock adjustment next week This week, the mainstream prices in the spot market fluctuated within a narrow range, and the international political situation is still relatively tense. The market sentiment has improved after the inflection point of inventory this week, and market confidence has been restored. This week, the spot market stopped falling and stabilized at the end of the week. On the whole, domestic prices fluctuated within a narrow range this week. The severe situation in Ukraine and Russia led to a gap in the supply of foreign commodities, and the prices of commodities continued to rise under the imbalance of supply and demand. The lack of continuity in demand, coupled with increased pessimism in the market, and sharp price fluctuations. The inflection point on the inventory end at the end of the week has improved market sentiment, and we will pay attention to the change in inventory slope in the future. On the whole, due to the impact of the epidemic and the uncertainty released by the demand side, it is expected that the spot price will fluctuate and adjust and run next week. Post time: Mar-14-2022