Big diving in the late game! Steel enterprises stop production! Steel prices fell again?

Internationally, the Federal Reserve’s interest rate hike has slowed down, commodity prices have risen, iron ore has remained high, and accidents have occurred in coal mines, coal mines have stopped production for inspections, coke companies have strengthened their cost support, and profit losses have increased. , the game of coke steel has intensified, the cost side has driven the finished product to rise, and the market operation sentiment has been driven. However, in the off-season of traditional steel consumption, the project progress slows down, the terminal purchase volume declines, and the high cost and weak reality continue to compete. How will the steel price trend in the later period be?
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Factors affecting the steel market?
Hebei has recently launched an environmental protection production limit and emission reduction directive. At that time, the production of some steel enterprises will be restricted, the supply of steel products in the market will decrease, and the market hype will be driven, which will benefit the trend of steel prices.
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The spot supply of steel continues to be at a high level, the output of molten iron and the output of the five major varieties of finished products both rebounded month-on-month, the pressure on supply continues to increase, the start of terminal demand is not good, and purchases drive down prices, which is negative for steel prices.
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Affected by the policy news, the black futures plunged sharply in late trading, disturbing the operating sentiment in the spot market, and most of them were waiting on the sidelines. In addition, under the strong drive of double focus and iron ore cost in the past few days, the spot market price has continued to rise. However, in the traditional off-season, the terminal demand is limited, and the inventory of steel mills is gradually transferred to social inventory. The market enters after the price increase repair period. On the other hand, the smooth control policy failed to be implemented as scheduled in a short period of time, and the situation of oversupply continued to be maintained. It is expected that the price of steel products may stabilize and decline tomorrow, with a range of 10-30 yuan/ton.