Low market sentiment, lack of motivation for steel prices to rise

The mainstream price in the spot market was weak this week. The decline in the disk this week led to a fall in the prices of finished products. At present, the market has gradually resumed work, but the demand is lower than expected. Inventory is still at a low level year-on-year, and short-term prices may be supported. At present, the market remains cautious, and the spot market remains volatile.

On the whole, this week, domestic prices were mainly weak, demand was weak, news on the raw material side was released frequently, superimposed on the tightening of the international situation, the market sentiment was low, and profit was mainly realized. But the current inventory is low, there is a certain support for the price. In general, there is limited room for short-term price declines and insufficient upward momentum.


Post time: Feb-28-2022