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The steel market is expected to bounce back this week

2023-05-09
Reviewing the steel market three days after the festival, the composite price index of steel fell by 76 points, thread and wire fell by 60 and 70 points respect...
Looking ahead to the steel market this week, or show a shock rebound of the operation situation, the main reasons: first, domestic and foreign macro neutral, overseas interest rate rise is also released, the risk of the bank of the United States is temporarily controlled; Second, the fundamentals of steel have turned better, production decline, Tangshan production reduction documents issued this week will expand the inventory decline, enhance market confidence, disk material is a good release of pessimism, to the value of the point caused a rebound; Three is the double focus and iron ore plate stage of considerable decline, but also caused the flat somersault more funds to stop the rebound.

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