Steel Market Situation

Today, the supply end of the market remains loose, the blast furnace operating rate has continued to rise, the downstream rolling line operating rate has fluctuated within a narrow range, the operating rates of strip and hot coil have increased, and the operating rates of thread and section steel have declined, both are near normal levels; In Chongqing, Guizhou, Hunan, Zhejiang, Shandong and other places, investment in new infrastructure projects is accelerating. The daily transaction of building materials is acceptable, but the current demand growth rate is still limited. Merchants are more cautious and have a stronger willingness to watch the market. If the current market environment remains unchanged, the steel market may not be able to change the market in the short term, but with the support of the afternoon futures disk rise, it is expected that there will still be a slight increase in steel spot prices tomorrow. It is recommended to pay attention to the actual transaction of steel products.