Steel prices are expected to fluctuate down next week. There are three main reasons for the shock drop: 1. The price of raw materials drops. Iron ore, coke prices have broken through the early range of shocks of a lower edge, showing a shock down trend. At present, international bulk commodities have also appeared a downward trend. In addition, it is reported that a coal import and export port will be opened at the China-Mongolia border on April 25, which will also have a certain impact on the price of raw materials. 2. The outbreak of the influence of the long time. The epidemic has been going on for more than a month, and this situation has had a big impact on demand, making it slow to release demand. Now people have no idea when the epidemic will be relieved. The outbreak is collectively become depressed. 3. The Fed raised interest rates. The Fed raised rates on May 5th, and now the market has come out ahead of the market’s expectations, so far the market has shown that. At present the news makes everyone’s tense mood. People do not have too high expectations of the market.
At present, the overall production cost of steel is still relatively high, now the high price of resources on the market is still more. Now the price of the mills will be very strong. So next week is expected to be a stage of game between the market and steel mills, the specific price decline or how much, how long the decline let us continue to watch.
Post time: Jun-10-2022