On December 28, the domestic steel market price continued its downward trend, and Tangshan Pu’s billet price remained stable at 4,290 yuan/ton. The black futures market is down again, market mentality is sluggish, and spot market transactions are shrinking.

On the 28th, the black futures varieties continued their downward trend. The main force of the snail futures closed at 4319, down 1.53% from the previous trading day. DIF and DEA crossed down. The RSI third-line indicator was located at 38-46, which fell below the middle track of the Bollinger Band.

On the whole, it is the end of the year, and the overall pressure on market funds is tight, and the willingness of merchants to speed up shipments and withdraw funds dominates. Judging from the current winter storage situation, the spot price is still higher than the same period last year, and most businesses temporarily choose to wait and see. It is estimated that on the 28th, the national construction steel prices may still be weak.