On March 14, the price decline in the domestic steel market expanded, and the ex-factory price of Tangshan ordinary billet fell by 60 to 4,660 yuan/ton. Today, the black futures market fell sharply, the market mentality weakened, and the transaction volume was significantly reduced.

On the 14th, all black futures fell sharply. The closing price of the main contract of the futures snail was 4695, down 4.07%, the DEA and DIF crossed down, the RSI three-line indicator was at 35-44, fell below the middle rail of the Bollinger Band, and moved closer to the down rail.

Recently, the impact of production restrictions in various regions has gradually weakened, and the output of blast furnaces has gradually recovered. However, the epidemic prevention and control in various places has been tightened, and traffic control and construction site shutdowns in some cities have affected the transaction in the steel market. In addition, the futures market has plummeted, and market transactions have weakened significantly. In addition, the current domestic and foreign situation is changing, and market sentiment is prone to major changes in the short term. It is expected that the domestic steel market price will be weak in the short term.