Critical! Futures steel fell below 3594! Step new lows in the year!

Internationally, the pace of the Fed’s interest rate hike has not slowed down, and capital investment prospects are worrying. In the country, the opening of the black system continued to fall today. Merchant offers were weak, and some transactions were weak. The main influencing factors are the following points.
1. Global steel consumption decreases:
The decline in global steel consumption directly affects the export of domestic steel. At the same time, the production of cement peaks in the fourth quarter is gradually launched. The cement output will decline significantly. Under the influence of the mismatch of supply and demand, the price of cement will rise. At that time, infrastructure, real estate, etc. The cost of industry costs has gradually risen, affecting the progress of the entire project, and it will also affect the purchase volume of steel. In the long run, it is not conducive to the trend of steel prices.
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2. Iron ore pressing steel price
The iron ore futures disturbed by multiple factors continued to decline, and the spot price also weakened. With the end of the Eleventh holiday, the stocking of steel mills has gradually ended, and at the same time, the operating rate of downstream enterprises and the epidemic of raw material transportation in some areas are restricted. Therefore, the market is not confident in the growth of iron ore demand. In addition, due to poor profits, the demand for iron ore for steel mills, the increase in the amount of iron ore to the port, the cost end supports the weakening, the factory price of the steel mill has maintained a low level, and the price of steel is suppressed.
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3. Real estate is not dazzling
At present, the central bank has abundant funds, the interest rate of mortgages declines, directly or indirectly reduces the cost of buyers’ purchase costs, stimulates the consumer demand of some markets, helps to help steel companies recover funds, improve the condition of funds, accelerate the re -production and investment, increase the demand for steel, and have the demand for steel. Strong signal significance, but due to the deeper market adjustment of this round of market, the stability of the demand side also requires the joint force of the policy. Real estate still suppresss steel prices, which is not conducive to the rebound of steel prices.
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In summary, the steel ore and coke led the black system again. In addition, the production cost of steel mills decreased, and the production cost of steel mills decreased. In order to keep profits, spot merchants have lowered the quotation. The total inventory of the five mainstream varieties has declined, but the production of steel companies and the increase in steel mills increased. As the weather gradually turned cold, the period of rushing the work gradually decreased, demand was still limited, market transactions were not good, terminal procurement released weaknesses, merchants were released, merchants Waiting and looking at the emotions, the market is multiple on -demand, and it is expected that steel prices will continue to decline in the short term.