Steel prices are expected to rebound at the end of the year, but it is difficult to reverse

Date: 2021-11-29

Steel prices are expected to rebound at the end of the year, but it is difficult to reverse In recent days, the steel market has bottomed out. On November 20th, after the price of billet in Tangshan, Hebei, rebounded by 50 yuan/ton, the prices of local strip steel, medium and heavy plates and other varieties all rose to a certain extent, and the prices of construction steel and cold and hot rolled coils in many places There has also been a rebound. Considering that the time of the Spring Festival next year is earlier than in previous years, there will be more holidays in January next year, and the actual trading days will be relatively reduced. Therefore, the market in December this year will dominate the market trend before the Spring Festival next year. Post time: Nov-29-2021

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Tags : anti-corrosion steel pipe , alloy steel seamless pipes , oil pipe , drill pipe

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