Steel prices continue to fall sharply, and the spot sales speed accelerates

Today, the spot of Steel City has fallen slightly, and futures decline has increased. Today’s market diving is not much related to the Federal Reserve ’s interest rate hike. It is still the weakening of the demand to rise, and it is expected to rise, combined with the short position of the disk surface, causing heavy diving, and the increase in market panic.
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From the perspective of the peripheral market, the rate hike 25bp is not expected, and the interest rate has reached 5%. The Fed Chairman said that he did consider the suspension of interest rate hikes in March, but inflation and employment exceeded expectations to make interest rate hikes a consensus. However, it is worth noting that although the Fed’s strategy to continue to raise interest rates, on the other hand, it seems that it has begun to “put water in secret.” In fact, the potential risks caused by bank failure have surpassed the impact of interest rate hikes itself, and the market pays more attention to the latter.
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From the current market, today’s market fell more than market expectations. However, some markets have lock -in behavior. Although the atmosphere of watching is serious and the price of price drops, the market decline is accelerated, and the behavior of funds to smash and falls is not simply the problem of supply and demand.
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Emotions are unstable, the spot market will be more chaotic, there are locks, some dumping, and some intended to receive goods, which are different. In general, there is still a small decline in the market. Back to warm up, you need to wait for the plate to build the bottom.