Steel Coil Price Forecast This Week

At present, affected by the sharp decline in black futures, the spot price of hot coils has followed suit, and market investment sentiment has been frustrated. In addition, the average daily output of molten iron of steel companies has remained low, and the demand for raw materials is weak. The seventh round of increase in cost-end coke prices is still expected. , the cost side of bifocal and iron ore has weakened. Under the psychological effect of buying up but not buying down, most merchants are cautiously waiting and watching. This week, the price of color-coated steel coils will be stable and weak, with a range of 20-40 yuan/ton.