Industry News
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Is the direction of steel prices clear?
Is the direction of steel prices clear? Judging from the steel market quotations, there is little change in pipes and other varieties. The overall transaction performance in the market is mediocre, it is difficult to increase the price and ship goods, and the willingness to reduce the price is no...Read more -
Peak season expectations collide with weak demand, and the steel market pulls back from highs in the off-season
Peak season expectations collide with weak demand, and the steel market pulls back from highs in the off-season In the 25th week of 2023, the market prices of major steel products in some parts of the country have been adjusted back to high levels. Compared with last week, the rising varieties de...Read more -
Forecast: The trend of steel prices next week has been determined!
Forecast: The trend of steel prices next week has been determined! Since the beginning of this week, the market has continued to weaken, but the correction range is within a reasonable range. There are big differences in the current market. One is that the impact of stimulus policies has weakened...Read more -
Futures metal fluctuates widely! Will it Rise or fall after the shock?
Futures metal fluctuates widely! Will it Rise or fall after the shock? Today’s market is still in a weak callback, and steel futures and spot prices have declined to varying degrees. In terms of varieties, the market for building materials and plates has seen a slight drop of 10-30 yuan, an...Read more -
Multiple policies are beneficial to stimulate, and the steel market fluctuates higher in the off-season
Multiple policies are beneficial to stimulate, and the steel market fluctuates higher in the off-season At present, the Federal Reserve has suspended raising interest rates, and Europe and Denmark continue to raise interest rates by 25 basis points, indicating that the pressure of inflation in Eu...Read more -
The Federal Reserve’s interest rate hike “stopped and never stopped”, where will the market go in the off-season?
The Federal Reserve’s interest rate hike “stopped and never stopped”, where will the market go in the off-season? In the early hours of this morning, the Federal Reserve announced a suspension of interest rate hikes, keeping the target range of the federal funds rate unchanged a...Read more -
Rate cut! Control costs! Policies are issued frequently, and the steel market may fluctuate or intensify
Rate cut! Control costs! Policies are issued frequently, and the steel market may fluctuate or intensify Today’s steel market is dominated by overall rises. Prices of cold-rolled, medium plates and profiles, and some pipes also rose to a certain extent, but the range was relatively small. W...Read more -
Will the price of steel change again?
Will the price of steel change again? The most eye-catching thing in the black series last week was iron ore. On the one hand, the upward drive was stimulated by macro policies, and on the other hand, the apparent demand for steel products improved month-on-month. However, the price of iron ore i...Read more -
Why is iron ore leading the black? Is there any opportunity for steel products to make up for the increase?
Why is iron ore leading the black? Is there any opportunity for steel products to make up for the increase? Today’s steel market fluctuated slightly, with ups and downs, and the price center of gravity for threads, hot coils, and cold rolled products moved up slightly. (To learn more about ...Read more -
Did the steel market cool down and the rebound “flame off”?
Did the steel market cool down and the rebound “flame off”? Today, the steel market is generally stable, with a small number of markets rising slightly, and individual markets such as threads, hot coils, and medium plates showing narrow declines, and the price center of gravity is sli...Read more -
Strong supply and weak demand game cost resilience, continued rebound in weak steel market
Strong supply and weak demand game cost resilience, continued rebound in weak steel market At present, the crisis of the US debt ceiling agreement has come to a perfect conclusion. There are also optimistic expectations on the prospect of the Fed raising interest rates in June. Inflationary press...Read more -
Black futures rebounded in an all-round way! Is the market about to change?
Black futures rebounded in an all-round way! Is the market about to change? Today, the overall steel market stopped falling and rebounded, and market sentiment continued to heat up. In terms of varieties, threaded and hot coil rebounded faster, with an overall increase of 20-30 yuan. (To learn mo...Read more
