Industry News
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Strong expectations VS weak reality, the steel market moves forward in shocks
After the May Day holiday, rebar futures and spot prices ushered in a “good start”. The recent frequent fluctuations in steel prices are not unrelated to the current “strong expectations” and “weak reality”. In the short term, the support of the future screw is...Read more -
The impact of the difference in monetary policy between China and foreign countries on the steel market
The world’s major countries have reduced liquidity supply and raised interest rates, and due to the impact of the severe epidemic and the Russian-Ukrainian war, global economic growth and steel demand are bound to be suppressed to a certain extent. Not long ago, the International Monetary F...Read more -
Futures steel plummeted more than 200 points, what happened to the steel market?
Today, the domestic black futures prices have generally plummeted. The main contracts of rebar and hot coil futures have fallen by more than 200 points, or nearly 5%. The prices of raw materials such as iron ore and coke have fallen even more, of which iron ore has fallen by more than 10 %, and c...Read more -
The difference in monetary policy between China and foreign countries has a major impact on the steel market
The world’s major countries have reduced liquidity supply and raised interest rates, and due to the impact of the severe epidemic and the Russian-Ukrainian war, global economic growth and steel demand are bound to be suppressed to a certain extent. Not long ago, the International Monetary F...Read more -
Futures and spot prices fell simultaneously, what happened to the market?
At the close on April 11th, steel rebar futures fell 158 points, or 3.14%, led by short-term disk shorts; hot coil futures fell 159 points, or 3.06%. The spot price in the market fell synchronously, and the decline in the spot was smaller than that in the futures, but the pressure gradually incre...Read more -
The cost support continues to exert force, and the black line can still be expected to be hyped
Today, the mainstream price of hot rolls increased in a narrow range. Affected by the firm price of raw materials and the industry’s expectation of the country’s later policies, the average market price of hot coils has risen today, but the terminal demand continues to be weak. In add...Read more -
Forecast: Steel prices will be…
Forecast: Steel prices will be stable and weak The data shows that today’s black futures opened lower and rose in the red, the market sentiment has improved, and the transportation situation has improved, but the spot market trading is still weak, and the steel price has dropped slightly...Read more -
Steel prices have generally risen, and attention will be paid to sustainability in the later period
Steel prices have generally risen, and attention will be paid to sustainability in the later period The market opened on March 28th, and the domestic steel market futures are now rising simultaneously. Since the weekend night session, the black line has gapped up across the board, and the daily s...Read more -
The supply restricted demand is weak, domestic steel market maintains small rising
The supply restricted demand is weak, domestic steel market maintains small rising The price of major steel varieties has risen, compared with last week, the increase in rising varieties have increased significantly, and the varieties of the flat variety have decreased sharply, and the decline is...Read more -
After repeated sawing, the steel market has entered a period of exhaustion
Recently, the market news has entered a “quiet period”, more passive fluctuations around the epidemic and the Russian-Ukrainian war, the demand side has weakened slightly, and short-term market fluctuations are likely to weaken, but the cost is still supported and demand expectations ...Read more -
What is the price trend of domestic cold rolled steel coils?
In the short term, the momentum of the continuous weakening of the momentum, the intensification of the epidemic and the intensification of geopolitical turmoil have a relatively large impact on the market, market sentiment and capital are sensitive, and new drivers have not yet formed, it cannot...Read more -
Demand recovers and supply gradually strengthens, and the steel market fluctuates slightly
In the 12th week of 2022, the market prices of major steel varieties in some parts of China fluctuated and consolidated. Compared with last week, the rising varieties decreased slightly, the flat varieties increased slightly, and the declining varieties increased slightly. At present, the domesti...Read more
