Industry News
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Big diving in the late game! Steel enterprises stop production! Steel prices fell again?
Big diving in the late game! Steel enterprises stop production! Steel prices fell again? Internationally, the Federal Reserve’s interest rate hike has slowed down, commodity prices have risen, iron ore has remained high, and accidents have occurred in coal mines, coal mines have stopped productio...Read more -
Iron ore, coking coal and coke soared to drive steel to pick up!
Iron ore, coking coal and coke soared to drive steel to pick up! Today, the spot spot in the steel market is mainly stable, and futures steel prices rose slightly. The overall trend is that the raw materials are strong and the finished products are weak, and the rise of raw materials drives the p...Read more -
The domestic steel market fluctuates and rises as the peak season hits interest rate cuts
The domestic steel market fluctuates and rises as the peak season hits interest rate cuts In the 33rd week of 2023, the price changes of steel raw materials and steel products in some regions in China, including 17 categories and 43 specifications (variety), are as follows: The market prices of m...Read more -
Weak reality and strong expectations hinder the confidence of the steel market. When will the market get better?
Weak reality and strong expectations hinder the confidence of the steel market. When will the market get better? Today’s market changes have increased the difficulty of operation. On the one hand, the market has rebounded during the decline, and on the other hand, the market has swayed back...Read more -
Sudden “rate cut”! Futures steel rebounded in a straight line! Steel prices start to rise?
Sudden “rate cut”! Futures steel rebounded in a straight line! Steel prices start to rise? After two months, the central bank suddenly adjusted the policy interest rate, but the pressure on the spot supply of steel products was too great, and the demand was sluggish. The business sent...Read more -
Weak demand leads to rising costs, and the shock of the steel market weakens in the off-season
Weak demand leads to rising costs, and the shock of the steel market weakens in the off-season The prices of major steel products fluctuated and fell. Compared with last week, the rising products decreased slightly, the flat products remained stable, and the falling products increased slightly. T...Read more -
The rebound of ferrous metal futures failed, and there are still downside risks in the short term
The rebound of ferrous metal futures failed, and there are still downside risks in the short term The steel market continued to decline slightly today. At present, the enthusiasm for “production reduction” has declined, and the market has lost patience with the implementation of the p...Read more -
Why do limited production “small compositions” continue? Real estate and then thunder caused steel prices to fall?
Why do limited production “small compositions” continue? Real estate and then thunder caused steel prices to fall? Today, the steel market as a whole fell slightly. Although a part of the market is still operating stably, the market feedback is poor, the sentiment is bad, and the over...Read more -
Chinese steel marketplace fluctuated and declined
Chinese steel marketplace fluctuated and declined The market prices of major steel products fluctuated and declined. Compared with last week, the rising varieties decreased significantly, the flat varieties increased, and the falling varieties increased significantly. The effects of various polic...Read more -
Steel prices plunged, why did the steel market turn around overnight?
Steel prices plunged, why did the steel market turn around overnight? Affected by the small non-agricultural data in the United States that exceeded expectations last night, high inflation continued, the probability of further interest rate hikes increased, and overseas risks intensified, which w...Read more -
How to reduce production? How will steel prices go?
How to reduce production? How will steel prices go? Today’s steel market is now dominated by stability, and futures continue to fluctuate. The overall market has a strong wait-and-see mentality, speculative demand has increased but the volume is limited, mainly due to the lack of market con...Read more -
The expansion of domestic demand boosts confidence, and the steel market fluctuates and strengthens in the off-season
The expansion of domestic demand boosts confidence, and the steel market fluctuates and strengthens in the off-season The market prices of major steel products fluctuated and rose. Compared with last week, the rising varieties increased, the flat varieties slightly decreased, and the falling vari...Read more
