The price of steel products rose significantly last week, and the overall demand showed a different state. November was originally a low season but it was not a low season. The market transaction volume has increased significantly. In general, steel demand will still be at a high level.

　　Take a look at the predictions of experts:

　　My steel: The domestic steel market prices rose sharply last week. For spot rebar, there is a situation in the downstream in a short period of time, so there is demand to support its price to rise steadily. On the whole, although there is still room for a certain upside in the spot market, it will become more and more obvious that the high-level transactions of some varieties will be blocked after the upward movement. Due to transaction considerations, the domestic steel market prices are more likely to fluctuate at a high level this week.

　　Steel House: Last week, the domestic steel market prices rose sharply, especially construction steel prices continued to rise. The average weekly increase in major markets exceeded 300 yuan/ton. The supply of resources in the northern region is expected to be tight after production restrictions. Judging from the recent market, the domestic steel market prices continue to rise, merchants have a certain demand for cash out profits, and downstream users are beginning to wait and see. It is expected that the price increase in the domestic steel market will gradually slow down this week, and some markets may undergo slight adjustments.

　　Tang Song: Last week, the welded pipe market fluctuated in a narrow range. At the beginning of the week, market transactions were weak. Taking into account market transactions, leading manufacturers chose appropriate callbacks to stimulate transactions. The adjustment range was limited; however, as the upstream mid-broadband market continued to rise, costs pushed up Bottom welded pipe manufacturers have to follow the rise, and the market transactions in various regions have also improved. However, the current spot market has broken through the high point of the year, and the transaction performance has been blocked. The market clearly shows that the cost-driven type is stronger than the terminal demand-driven type. Overall, the high pressure on the welded pipe market is obvious, and it is expected that there will be some room for a fall this week.

　　From all aspects of analysis:

　　In terms of policy, environmental protection and production restrictions continue. The decline in steel prices is not a bubble, but a rational return. The steel price trend in the steel industry will undergo a process of first decline and then rise.

　　In terms of inventory, although the recent snail futures trend is about to touch the previous pressure position, the rise has not peaked, and it will be possible to set new highs in the near future. Since November, the heating season production limit measures have been implemented, especially the recent expansion of the environmental protection limit production range, and the impact has been further strengthened. In addition, measures such as reducing production capacity and banning "land strip steel" have achieved significant results; steel stocks have continued to decline, so the prospects for snails are likely to rise.

　　In terms of raw materials, the overall production capacity of steel mills has declined, but the pressure on strip stocks is relatively light, and black futures still have room for upside.

　　From a comprehensive analysis point of view, it is a fact that environmental protection has caused the price of steel to rise, and when the second round of environmental protection acceptance began, the price continued to rise, which is self-evident. The upstream manufacturers have a strong willingness to uphold prices, but the impact on downstream customers is not large, and various demand industries are mostly operating normally. At present, both steel mills and social inventories are low, with fewer stocks and tight specifications. Inventory is low, the economy is improving, environmental protection policies are intensified, and the cost of raw materials is rising. Steel prices are expected to fluctuate slightly this week.