Steel prices continue to be entangled, will tomorrow welcome red Friday or black Friday?

Yesterday, the spot steel price was mainly stable, and the futures steel fluctuated slightly.
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Yesterday, the steel market was generally stable. In terms of varieties, thread is slightly stronger than hot coil, and a few markets still rebound slightly; the average price of square pipe, inner rectangular pipe, galvanized and other varieties has risen slightly; the average price of hot coil, medium plate, cold rolled and other varieties has slightly decreased Compared with yesterday, most markets have not changed much. The overall transaction is average.
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Due to the continued weakening of demand, the disturbance of the epidemic and the entangled psychology of the market, the market transaction volume continued to decline, the total amount of steel factory warehouses and social warehouses increased, and the demand for tables decreased. Due to the decline in gross profit margin and the influence of various factors, the maintenance of steel mills increased, and the output began to decline slightly compared with last week. It should be noted that the total output was basically maintained at the level of the same period last year, and the total inventory was lower than that of the same period last year. Fundamentals continue to have insufficient driving force, and the market is still driven by macro expectations and funds.
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Judging from the current situation, a small number of markets have improved transactions, but the overall weak transaction status has not changed. The enthusiasm for terminal stocking is not high, traders and construction sites have more holidays, and steel mills and large households are actively raising prices. Due to the gradual cooling of spot fundamentals, the market is increasingly dominated by market funds and sentiment. The closer to the Spring Festival, the more obvious the situation of price but no market. In the short term, the spot market will continue to fluctuate slightly.