The Analysis of Steel Trade

The domestic steel market price weakened significantly last week.In last week, both the macro-level factors and the bearishness in the electronic sector have forced the spot market to remain in a state of pessimism.

 In addition, the overall stock of current spot resources is still relatively high, so it is fast to maintain in the short term. The shipping strategy is difficult to change. However, long-term pain is worse than short-term pain. In the event that futures fell sharply and led the market, most of the resources have shown an upside down. This is like fighting back. In the short-term, the biggest problem facing price rebound will still be inventory pressure. After the two sessions were over, some of the demand had already been released on a small scale, so relatively speaking, the willingness of some of the varieties to continue falling will be reduced.