Tangshan steel market is booming, steel prices may fluctuate strongly next week

Date: 2021-12-20

Tangshan steel market is booming, steel prices may fluctuate strongly next week The mainstream prices in the spot market fluctuated upward this week. With the current strength of raw material prices and futures disk performance, the overall performance of the spot market prices rose slightly. However, due to the general general turnover in the current high-end market, the price increase of some varieties is limited. On the whole, the domestic steel market prices fluctuated upward this week. At present, the overall supply growth rate of subsequent steel enterprises is still limited, and the pressure on spot market resources is relatively low. In addition, in terms of demand, the demand in the northern market continues to decrease over time, but the terminal units in the southern region are in a short period of time, so the overall demand will not shrink significantly in the short term. On the other hand, the current winter storage prices of mainstream varieties are low, so market players are cautious and dare not rise too quickly. It is generally estimated that the domestic steel market prices may remain volatile and strong next week. Post time: Dec-20-2021

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