How far can the price increase in the steel market?

On the 5th, the overall steel city rose steadily, but the range was limited. From the perspective of varieties, the medium thick board and cold rolling varieties are mainly stable, and the seamless pipes continue to decline.
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Today’s market price is still difficult to find logic from fundamentals, but it is a technical rebound and correction. However, the overall black metal is still the weak rebound from the downturn’s decline, and it can’t talk about the reversal. From the perspective of the environment, I entered the Federal Reserve’s simultaneous interest rate hike+watch cycle in September. The macro pressure was large. Large, the government has frequently introduced a policy stable growth policy and promoted landing. On the surface of the steel industry, the length of the process is hovering on the edge of losses or even losses. The industry is also pessimistic, lacks confidence, and is not strong in September. In this case, the steel price has achieved steady and rising on Monday. However, each rebound is extremely vulnerable. This rebound, the current spot performance is still weaker than futures, reflecting that the weak reality still needs to be treated with caution.
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At present, with the expansion of the loss of steel mills, the active reduction of raw materials inventory has caused the growth of iron water growth in the later period. However, the output of production at the moment has risen faster than demand, and in the absence of demand, the contradictions that are greater than the contradictions have been magnified, but it has not yet reached the point of intensification. At present, the market generally has a certain difference in Jin Jiuyin Shi. Most of them are not optimistic. A few expectations will have a small amount of stock preparation before the double festival. However, if the demand is improved, the price will continue to rebound.
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