Forecast: Steel prices will be stable and weak

The data shows that today’s black futures opened lower and rose in the red, the market sentiment has improved, and the transportation situation has improved, but the spot market trading is still weak, and the steel price has dropped slightly…
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Hot rolled steel coil: stable and weak
Recently, the impact of the epidemic has continued, and some merchants have suspended delivery and only quoted prices. Due to the rising cost of the charge end, the supply and demand of HRC is weak, and the downstream is mostly in the wait-and-see stage, and the market transaction is not good. It is expected that the price of HRC will stabilize and stabilize tomorrow.
Medium and heavy steel plate: stable and weak
Affected by weak demand, the market’s high support power is insufficient, merchants’ mentality is under pressure, and the transportation of steel mills has eased slightly, but the market circulation is still limited. Adjust the run.
Steel strip: stable and weak
Steel mills are mainly receiving orders but delivery is difficult. The demand for medium-wide and high-spot stocks is still cautious. The market fluctuations are limited. East China and South China are stable and weak. Merchants generally have a wait-and-see attitude. , It is expected that the market price of strip steel will be stable and firm tomorrow.
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As Russia and Ukraine’s disturbance to the market gradually weakens, steel price fluctuations will return to their own supply and demand logic, turning to the verification of actual demand after entering the peak season. At present, the overall performance of the real estate side is still weak. Although the infrastructure has increased policies, the hedging efforts are limited. The overall demand for building materials is still worrying. Although the export of hot rolls has been boosted recently, the high price has restrained domestic downstream demand. Continue to pay attention to epidemic prevention and control. Control strength. On the whole, it is expected that the steel market price will be stable and stronger tomorrow, and the average price will be increased by 10-30.
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