On February 8, the domestic steel market price continued to rise, and the ex-factory price of Tangshan common billet rose by 70 to 4,670 yuan/ton. Black futures rose strongly today, the spot market has not fully recovered on the second day after the holiday, and market transactions are limited.

After the holiday, the black futures rose strongly, the spot market prices were actively following up, and the market sentiment was optimistic. Although the demand has not yet fully started, the raw material prices are high, the steel mills have intensively increased their prices, and the steel inventory is at a low level. It is expected that the short-term steel market prices will continue to rise. potential. It is necessary to pay attention to whether relevant departments will implement the policy of “stabilizing price and ensuring supply” for some commodities, and the progress of destocking of steel after the holiday.