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    Innovative spirit, open mind, frank attitude

    Innovative spirit, open mind, frank attitude

    Is it still up?

    (Summary description)My Steel Net: On the whole, the steel market price rose first and then declined last week, and the overall increase has shrunk significantly compared with last week. In the first half of the week

    Is it still up?

    (Summary description)My Steel Net: On the whole, the steel market price rose first and then declined last week, and the overall increase has shrunk significantly compared with last week. In the first half of the week

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      Take a look at the predictions of experts:

      My Steel Net: On the whole, the steel market price rose first and then declined last week, and the overall increase has shrunk significantly compared with last week. In the first half of the week, the market continued to be driven by futures orders and billet quotations to continue to make up, but in the second half of the week, due to weak futures and increased market fears, prices experienced a certain correction. For the market this week, the demand for most varieties is not optimistic. With the increase in costs and the financial pressure caused by loan repayment and ordering at the end of the month, most merchants have adopted the method of fast shipping and cashing to reduce pressure and reduce risks. . On the other hand, market inventories continue to digest and steel companies have a strong willingness to maintain high prices in the near future. Therefore, it is difficult to reduce spot costs in the short term. In addition to the return of futures orders and a slight increase in billet near the weekend, it is comprehensively estimated that the domestic steel market price this week may be Mainly high-level shocks.

      Steel House: Judging from the recent market, the effect of staggered production in the heating season has initially shown that the average daily output of crude steel, pig iron and steel all fell month-on-month in November; the domestic steel market inventory continued to decline last week, of which the rebar inventory was in The historical low continues to decline. The recent steel price adjustments are mainly affected by the futures market, but under the circumstances of low supply and low inventory, the spot market has limited room for decline. It is expected that the domestic steel market prices will continue to fluctuate mainly this week.

      Lange: In the short term, after the release of market concerns, if futures continue to rise, steel prices may still rise as early as last weekend or this week. However, the current momentum to support the continued upward price movement is limited. In the absence of major benefits, it is difficult to break the volatility and form a trending market, and steel prices are still at risk of falling after the upward trend. The domestic steel market is expected to fluctuate and fall this week.

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