The Federal Reserve’s interest rate hike is approaching, and the steel market continues to operate

In November, a new round of interest rate hikes will be ushered in. This is the sixth rate hike in the year, and the market’s attention is extremely high. Under the influence of inflation and unemployment rates in the United States, what is the rate hike? What impact will it affect the later trend of the steel market?
Ralely interest rate hikes will cause pressure on commodities, promote the higher US dollar index, depreciate non -US dollar currency, and the black market and even the stock market have affected. The most common is to ferment in advance, verify the fermentation on the day, and the price of the steel is down. When the market is fulfilled, the market reverses. Looking at the impact of the previous two rounds of interest rate hikes on the steel market, the futures disk have about a hundred yuan of killing each time. Therefore, 75 base points raised in November, there was still a certain downward pressure on the market. But after fulfilling it may form a Polido emotion.
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Compared with the influence of the Federal Reserve’s interest rate hike, the weak demand and the significant increase in output have a greater impact on short -term steel prices. As the climate continues to be cold, outdoor construction projects in the northern region have gradually stopped working, and steel demand will also decline.
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At the same time, the output of crude steel in September exceeded expected, which was extremely uncomfortable with the current demand situation. The state of supplying strong and weak “leads to poor market mood.
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Because there is no profit, there are currently some regions of steel mills have opened spontaneous reduction. Relevant production restrictions have been introduced in many areas, which will have a certain impact on later output.
The Federal Reserve is about to raise interest rates, and there are still short -term factors to be released in the market. Judging from the market in the past two days, the price of steel seems to rebound, but it is still not stable. It is not ruled out that the possibility of continuing shaking shuffle, but the amplitude will not be too large.