On March 23, the domestic steel market was mixed, and the ex-factory price of Tangshan billets rose by 30 to 4,750 yuan/ton. In terms of transactions, the terminal demand was released steadily in the early trading. With the rebound of the futures snails, the inquiries in the afternoon were good, and the overall transaction improved.

On the 23rd, the closing price of the main rebar contract was 4983, up 1.03%, the DIF and DEA overlapped, and the RSI three-line indicator was at 56-65, running between the middle rail and the upper rail of the Bollinger Band.

The escalation of epidemic prevention and control in many places in China not only affects the demand for steel market, but also a few blast furnaces in Shandong, Hebei Tangshan and other places have reduced production due to the obstruction of some raw fuels entering the factory. At present, the supply and demand of the steel market are weak, and the short-term steel price may continue to fluctuate.