At present, Prepainted Aluzinc Steel Sheet prices are in a tight balance, and the previously expected demand recovery has not met expectations, let alone exceeded expectations. Nevertheless, the steel price oscillates closely to the cost support, and the fluctuation is limited. So how should the price of steel go tomorrow? Let us continue to look down.
Hot Rolled steel coil: Weak Operation
The merchants are pessimistic, the market is in a solid wait-and-see mood, the demand performance is weak, the downstream customers are not very interested in purchasing, and the market activity is not good. Therefore, it is expected that the hot coil market price will run weak tomorrow.
Billets: Weak Finishing
At present, the cost pressure of the billet factory still exists. In addition, the billet inventory is low, and the bottom of the billet price has a certain support. However, the market support may be reduced with the delivery at the end of the month. Tidy.
Iron ore: weak run
As the market goes down, the losses of steel companies have expanded, and the price-cutting mentality has not changed. Some mining companies have temporarily supported prices, but their mentality has been frustrating. As a result, the price of fine iron powder in some areas is weak, the number of steel companies willing to overhaul it continues to increase, and the market is deserted. It is expected that the ore price will continue to run weak tomorrow.