On February 22, the domestic steel market fluctuated strongly, and the ex-factory price of Tangshan common billet rose 20 to 4,690 yuan/ton. Today, the market quotations were stable in the early days and on the strong side. In the late afternoon, the market fluctuated and declined. The market purchasing sentiment deteriorated, the transaction volume decreased, and the price fell secretly and the shipment increased.

Supply and demand: This week, steel demand is expected to continue to pick up, and steel mills are also loosening production restrictions. Both supply and demand have picked up, and inventory pressure is not large, which has pushed steel prices to rebound recently.

In terms of policies: Since the beginning of this year, the housing loan policies in many places have been relaxed, including the reduction of the down payment ratio and the mortgage interest rate, etc., which mainly support rigid demand, and the property market environment is expected to improve.

In terms of cost: On February 21, Mysteel statistics 45 Hong Kong iron ore inventory totaled 160.4368 million tons, an increase of 1.0448 million tons on a week-on-week basis. Spot supply is in a relatively loose state, and mining prices are under pressure. The coke inventory of steel mills is slightly low, and the coke price is strong.

In the short term, speculative speculation is still subject to strong supervision, especially with loose supply of iron ore, making it difficult for prices to rebound continuously. The futures market plunged today, and the trading volume shrank, and the short-term rise in steel prices may be hindered.