Last week, the price of steel rose significantly, and the overall demand showed a different state. November was the off-season but the off-season was not weak, and the market volume increased significantly. In general, steel demand will still be at a high level.

Look at the predictions of the experts:

My Steel: Prices in the domestic steel market rose sharply last week. For the spot of rebar, there is a situation of catching up with the construction period in the downstream recently, so there is demand to support its price is rising steadily. On the whole, although there is still some room for spot prices to rise, it will become more and more obvious that the high-level transactions of some varieties will be blocked after continuing to run upward. Due to transaction considerations, there is more possibility of high-level fluctuations in the domestic steel market this week.

Steel House: Last week, the price of domestic steel market rose sharply, especially the price of construction steel 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. From the recent market, the domestic steel market prices continue to rise, businesses have a certain cash profit demand, downstream users began 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 have a slight adjustment.

Tang and Song Dynasties: Last week, the welded pipe market fluctuated upward in a narrow range. At the beginning of the week, the market turnover was weak. Considering the market turnover, the leading manufacturers chose an appropriate callback to stimulate the turnover, with a limited adjustment range. However, with the continuous rise of the upstream broadband market, welded pipe manufacturers had to follow suit driven by the cost, and the market turnover in all regions also improved. However, the current spot market has broken through the year's high and the transaction performance is blocked, the market clearly shows that the cost-driven type is stronger than the end-demand-driven type. Overall, the high pressure of the welded pipe market is obvious, and it is expected that there will be some room for decline this week.

From all aspects of analysis:

Policy, environmental protection production restrictions continue, steel prices fall is not a bubble, belongs to the rational return, the steel industry's steel price trend will have a first suppressed and then rising process.

In terms of inventory, although the recent trend of the snail is about to touch the previous pressure position, the rise has not peaked, and it is possible to hit a new high in the near future. Since November, the heating season production restrictions have been implemented, especially the recent expansion of the scope of environmental protection production restrictions, and the impact has been further enhanced. Coupled with the production capacity, the ban on "strip steel" and other measures to achieve significant results.

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

From a comprehensive analysis, it is a fact that environmental protection promotes the rise of steel prices, and when the second round of environmental protection acceptance is opened, the price continues to rise, which is self-evident. Upstream manufacturers have a strong willingness to support prices, and the impact on downstream customers is not large, the various demand industries more normal operation. At present, both steel mills and social inventories are low, with fewer spot stocks and a shortage of specifications. Low inventories, good economy, increased environmental protection policies, rising raw material costs, steel prices are expected to fluctuate slightly this week.