The steel price rebounded at a low level, can you copy the bottom?

Today, the overall decline of steel prices has fallen slightly, and a few markets have rebounded in the afternoon. In terms of varieties, building materials products are weaker than sheets. The overall transaction of the market is average, and some areas have improved compared with yesterday.
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From the perspective of the industry, although the market has stopped rebounding today, the performance of steel compared to raw materials is still weak and the rebound has insufficient strength, which also reflects insufficient market confidence and the market lack of upward drive conditions. However, the news that the tropical cyclone affects the port of Australia has appeared in the market. As the tropical cyclone approach, the port port of iron ore center in Western Australia will evacuate earlier on Wednesday. Although the time is short, the actual impact is limited.
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Compared to the second round of coke landing, in the case of further decline in the cost of coking coal raw materials, micro -profit coke is still squeezed by the steel mill. The current market is still unstable. Under the insufficient demand and the overall movement of the raw materials, the space of rebound is limited.
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From the current point of view, the steel market is still weak. Today, steel mills have increased their efforts to make up. Some steel mills have fallen into the market in the early days. The market mentality is still unstable. At present, the policy reduction policy has not been clear, and the spontaneous reduction of steel mills is difficult. It still needs to further increase policy constraints and support the demand for real economy in macro policies. In the short term, the price of steel has temporarily stopped falling, but the weak rebound needs to be treated consider, and the overall is still weak.