On February 10, the domestic construction steel market fluctuated strongly, and the plate market fluctuated weakly. The ex-factory price of Tangshan common billet rose 20 to 4,690 yuan/ton. Since the downstream projects have not been fully started, the actual demand performance is sluggish, but today the steel futures market opened lower and moved higher, and speculative demand was relatively active.

It is understood that from February 8th to February 11th, steel mills in Henan, Shanxi, Tangshan, Hebei and other places have tightened production restrictions. It is expected that the purchase demand will weaken, and the spot market price of raw materials will fluctuate widely. At present, the demand for steel has not yet fully started. After the steel price has been rising for days, the market sentiment is optimistic and tends to be cautious. In the short term, steel prices may fluctuate strongly.