The policy is immediately obvious, the steel market tumble. Since the state increased its policy control efforts at the end of last week, the black line began to gap down in the night trading. The spot market price has weakened with the market. Although the number of merchants returning to the market has gradually increased, the terminal demand has not started, and the loose quotations of merchants have dominated.
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At present, the impact of national policies on the steel market has gradually emerged from the disk, market sentiment and capital trends.
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On February 14th, domestic metallic coated steel products’ prices fell slightly. Hot coil black futures are running in the green, and the galvanized guide price of private steel mills has dropped by 50 yuan individually. According to the feedback from traders, the downstream has not yet officially started, and the actual transaction is relatively general. The transaction volume of some medium-sized households in Tianjin has remained at around 200 tons. In terms of steel mills, after the festival, steel mills in North China and Shandong have been affected by production restrictions and high raw material prices. The operating rate is generally low, and the inventory of private galvanized resource factories is not much. Short-term prices are unlikely to fall sharply. On the whole, it is expected that the price of domestic metallic coated steel coil will be adjusted slightly tomorrow.
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