Take a look at the experts' predictions:
My steel network: on the whole, last week's steel market prices rose first and then suppressed, the overall increase was significantly smaller than last week. In the first half of the week, the market continued to be driven by futures and billets to continue to make up for the rise, and in the second half of the week, with the weak rise in futures and the increase in market fear of high sentiment and other factors, the price appeared a certain correction. For this week's market, the demand performance of most varieties is not optimistic. With the increase in costs and the financial pressure brought about by repayment of loans and orders at the end of the month, most businesses have adopted the method of rapid shipment and cash out to reduce pressure and reduce risks. On the other hand, the market inventory continues to digest and steel companies have a strong willingness to maintain prices in the near future. Therefore, it is difficult to reduce the in stock cost in the short term. In addition, the futures return order near the weekend and the steel billet rose slightly. It is comprehensively expected that the domestic steel market price will fluctuate at a high level this week.
Steel House: Judging from the recent market, the effect of peak-shift production in the heating season has initially shown that the average daily output of crude steel, pig iron and steel decreased month-on-month in November. Last week, the domestic steel market inventory continued to decline, with rebar inventory continuing to decline at a historical low. The recent steel price adjustment is mainly affected by the futures market, but in the case of low supply and low inventory, the in stock market has limited room to fall. It is expected that the domestic steel market prices will continue to run mainly in shock this week.
Lange: In the short term, after the release of concerns about the market, if futures continue to rise, steel prices are still likely to rise at the end of the morning or this week. But the current momentum to support the continued upward price is limited. In the absence of major benefits, it is difficult to break the shock to form a trend market, and there is still a risk of steel prices falling after the upward trend. The domestic steel market is expected to fall this week.