While the market is hotly speculating on flat control and limited production, hot Dip Galvanized Coils prices are still not improving, and merchants in many places are still pessimistic about the current market. In addition, Coke started the fifth round of price increases, which led to continued increases in market fluctuations, and the steel market was still hovering and fluctuating. How will the market go tomorrow? Look down...
Today's hot rolled steel coil: mixed
At present, the supply and demand structure of hot coils has not been improved, and the market has seen an increase in dark-sell shipments. In the off-season market, terminal demand continues to be weak, but there is still some support on the cost side, and the up-and-down space is limited.
Today's iron ore: the main steady rise
The profits of steel mills are acceptable, the output of molten iron remains high, and the fundamentals of iron ore are still relatively strong. However, considering that the news of the smooth control of crude steel is expected to be gradually implemented, the demand for iron ore may be affected, and it is expected that the iron ore will fluctuate at a high-level tomorrow.
Recently, there have been constant rumors about the reduction of crude steel in the market, and market confidence has been constantly disturbed. Even if the smooth control policy is introduced, it will take time to implement. At present, it is mainly due to the insufficient demand for steel products in the off-season, which has significantly suppressed steel prices. Considering that coke has risen again, the support on the cost side still exists, and there is not much room for steel prices to fall. It is expected that hot Dip Galvanized Coils prices will run steadily and moderately tomorrow.
