Opening today, the domestic steel market soared.
On the one hand, the intensification of the conflict between Russia and Ukraine, and the soaring prices of crude oil-based commodity markets are the factors behind the continuous rise in the price of the steel market.
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On the other hand, under the expectation that the two sessions and domestic economic policies will tend to be looser, the market’s macro expectations are improving, which is the main factor supporting the rise of the steel market. Judging from the current market trend alone, after the price breaks through, if it stands firm, the previous market high point will become the bottom support, and it is not ruled out that there is still room for upward movement. , it is possible to enter the shock range, and even the possibility of a high and a fall will be greatly increased at any time.
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Today’s domestic coating prices have risen sharply. In North China, due to the holding of the Two Sessions and the Winter Paralympics, some steel mills are still shutting down for maintenance, and the cost-side support is acceptable. Although the downstream demand has improved, it is still dominated by on-demand purchases due to the rapid price increase. In terms of color coating, the factory guide price of color-coated coils has been raised by 100-200 yuan today, and the market has followed suit. On the whole, it is expected that the price of domestic coated coil will continue to rise tomorrow.
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