News
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Iron ore soared by 5%, steel prices may be difficult to rise near winter storage
On December 13, the domestic steel market prices went up and down, and the price of Tangshan Pu’s billet rose by 20 to RMB 4330/ton. The black futures market is strong, and the spot market is fair. On the 13th, black futures varieties rose across the board. The main snail futures closed at ...Read more -
The demand in the off-season has obvious characteristics, and the steel price may fluctuate and run weaker next week
Spot market prices fluctuated within a narrow range this week. At the beginning of the week, the market sentiment was boosted due to the positive macroeconomic conditions, but the mid-week futures went down, spot transactions were weak, and prices were lowered. The demand in the off-season is obv...Read more -
Steel futures fell sharply, short-term steel prices may be weak
On December 9, the domestic steel market fell weakly, and the ex-factory price of Tangshanpu’s billet remained stable at 4,360 yuan/ton. Today’s black futures plummeted, the terminal wait-and-see mentality intensified, speculative demand was less, the transaction performance throughou...Read more -
Futures steel fell by 2%, and the rise in steel prices is unsustainable
On December 8, the domestic steel market went up and down, and the ex-factory price of Tangshan billet remained stable at 4360 yuan/ton. In terms of transactions, terminal purchases increased on the sidelines, speculative demand was scarce, spot prices in some markets loosened slightly, and trans...Read more -
The national construction steel oscillates weakly
This week, the nationwide construction steel prices fluctuated weakly, and from the perspective of price changes, the overall situation was strong in the south and weak in the north. The main reason is that the north is affected by the weather, and demand has entered the regular off-season. In th...Read more -
The central bank cuts RRR to release trillions of funds, and steel prices need to be cautious when chasing rising prices
Policy: The People’s Bank of China has decided that the 2022202201111111 financial institution funding reserve is 01.5 months and 20th (the percentage of the already invested% of the reserve investment funds). The relevant person in charge of the central bank said that the orientation of pr...Read more