On February 21, the domestic steel market prices mostly rose, and the ex-factory price of Tangshan common billet remained stable at 4,670 yuan/ton, up 40 yuan/ton from last Friday. Today’s black futures rose in the afternoon, the market sentiment improved, the trading atmosphere was good, and the market volume was heavy.

Black futures rose strongly today, and the market followed the rise with strong sentiment. Fundamentally, with the loosening of environmental protection production restrictions in Hebei, it is expected that the blast furnace will resume production at a later stage, which will support the price of raw materials and fuels. As most downstream terminals began to resume work, demand further recovered. With the gradual recovery of supply and demand in the steel market, the low inventory pressure and the high prices of mainstream steel mills such as Shagang, it is expected that the steel price will fluctuate strongly in the short term.