Steel prices or weak operation

Steel prices or weak operation This week, the spot market prices as a whole showed a trend of ascribed and falling. Specifically, during the holiday period, macroeconomic positives occurred frequently, sentiment was more positive, and the market mainly rose; after the holiday, due to the disturbance of the epidemic, commodity futures prices retreated significantly, the market was mainly active shipments, and spot prices went up. weak. On the whole, the current cost pressure of steel enterprises has eased, and the output continues to rebound slightly. Affected by the recent epidemic, the slow recovery of demand has led to a rebound in inventory and increased pressure on supply and demand. In addition, domestic market expectations, the international situation and financial market volatility have all deepened market worries, and market expectations have diverged significantly. In the short term, the current downstream demand has not improved, and traders are more conservative, mostly focusing on shipping and reducing inventory. It is expected that the domestic steel market price may run weakly next week. Post time: May-09-2022