The Outlook of the steel market next week

Alan Yang

Affected by the international environment, capital disturbances, black futures fluctuated high and low, the spot market adjusted slightly, and then the cold wave hit and the product specifications were incomplete, and the trading volume continued to shrink.

Some businesses are afraid of the high prices, and there is no willingness for winter storage in the short term, so they are more cautious and wait and see.


Considering that the current cost-side support is relatively strong and steel mills are not willing to cut prices, it is expected that steel prices will fluctuate and some products will fall.