Did the steel market cool down and the rebound “flame off”?

Today, the steel market is generally stable, with a small number of markets rising slightly, and individual markets such as threads, hot coils, and medium plates showing narrow declines, and the price center of gravity is slightly lower than yesterday. From the perspective of transaction, the overall situation is slightly better than yesterday, but the wait-and-see sentiment in the market is still relatively strong.
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The market has cooled down compared with yesterday, and individual markets of building materials and sheet metal have fallen back slightly, indicating that the market is still in a situation of digesting the increase, and the driving force for continued rise is insufficient.
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At present, futures and spot stocks have generally rebounded by more than 200 yuan from the low point at the end of May. Although the range is not large, it is not easy in the long-term sluggish market environment. At present, the market is more concerned, and the production restriction has been relegated to the second place. The main reason is whether the macro policy with high expectations can come out. It is difficult to distinguish true and false news in the current market.
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At present, the market is still a matter of rhythm in the rebound process. Today, when encountering resistance, there is a cooling adjustment. Together with the stock market’s first strength and then weakness, it reflects changes in policy expectations and sentiment. In terms of policy, don’t report too high expectations; in terms of industry, don’t put too much faith in limiting production. The market is still the same market, and what is restless is always the people’s hearts. As the rebound pressure is increasing, the possibility of continued cooling cannot be ruled out. The market performance is mainly volatile, and the road to rebound is not smooth.