The Steel Market This Week

Alan Yang

Looking ahead to the steel market this week, prices may show a shocking trend this week, and the prices of raw materials and fuels are expected to be stronger than the prices of finished steel products.

The main reasons are:

1. The fourth round of coke price increase is still being implemented, and there is a high probability that it will be fully implemented;

2. Affected by emergencies, the mine price is expected to rise under the disturbance of emotions (shooting high and falling);

3. Affected by high temperature and rainy weather, manufacturers and merchants are still cautious, and the enthusiasm of transactions is reduced, affecting the transaction and demand of finished products.

For the June steel market, there is still room for a phased rebound.