In the dilemma of ups and downs, the throw of steel is waiting for the new direction

Today, the rise of the steel market has slowed down, mainly running steadily. As the market has always fluctuated in a very community, the spot speculation has weakened, and the market watching mentality has enhanced.
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Overnight, the Federal Reserve Powell Eagle interest rate hike remarks are the main factor in black in the early morning. But then the price rose rapidly and returned to the normal shock range of the night disk. Against the background of strong US data, Powell hinted that it might accelerate the pace of interest rate hikes and triggers market concerns. If the interest rate hike really reaches 50 basis points, the loose Federal Reserve ’s interest rate hike environment this year may change.
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At present, the steel market is at the point where there are two dilemmas. There are pressures, supporting, and support. When the price rises, the sales pressure increases, and the active shipment of spot delivery also increases; when the price comes down, there are a lot of pick -up at the low level, and it shows a strong decline. Looking up, it is the pressure of supply. Looking down is the support of demand. From a fundamental point of view, demand is further released with the coming of the peak season, but it has not returned to the normal peak season rhythm, and demand still has room for rise. At present, it is impossible to verify whether the demand has reached the top, so the market still has expectations for demand. In the process of demand recovery, the supply pressure brought about by the rapid growth of steel production since February has been digested to a certain extent, so that inventory has successfully achieved the library reduction in previous years in advance.
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From the current situation, steel prices are affected by the differentiation of the entire black chain trend, and there is no force in the same frequency in one direction. The high -level pre -pressure of the iron mine becomes cautious, the coke is low again, and the steel price swayed in the middle. At the same time, the profit of steel is subject to raw materials, especially due to strong iron ore affected, and the continuous improvement of profit improvement. The output of iron water has not been seen, and the output of steel and steel has not been topped, and the rhythm of raw materials and materials continues to be slow and slow, becoming one of the factors for steel prices to continue to shock. In addition, there are contradictions between supply and demand, but the contradiction is that as demand is digested and macro -drives weaken, it is difficult to see Dado and Dalong. Therefore, the steel market continues to fluctuate, and the rhythm continues to follow the disk fluctuations until the new direction is clear.