Steel prices may fluctuate this week

Steel prices may fluctuate this week This week, the mainstream prices in the spot market fluctuated within a narrow range. Specifically, downstream consumption continued to be sluggish at the beginning of the week, market confidence was greatly frustrated, and the overall black market declined. With the continuous release of RRR cut signals from the macro side, the table demand data slightly exceeded market expectations, and the market mentality was boosted to a certain extent. Under the pattern of weak supply and demand, spot prices fluctuated within a narrow range. On the whole, the current market is still in a state of strong expectations and weak reality. On Friday, the macro RRR cut was implemented as scheduled, and the real estate sector continued to release positive signals. However, the downstream demand continued to be sluggish, and the mood of receiving goods in the middle and downstream was not good. The fundamentals in the short term There was no significant improvement. Considering that the price of raw materials is still high, and the price of finished products is generally supported and limited, it is expected that the domestic steel market price may fluctuate within a narrow range next week. Post time: Apr-18-2022