The prices of hot-rolled coil and medium-thick plate in the stainless steel pipe market-dominant areas experienced a periodical bottoming out near the weekend, with prices ranging from 50-100 yuan higher than the lowest price. Prices in other regions have not kept up, but they have stabilized. Signs. After two consecutive months of sharp declines, domestic steel mills suffered a full loss. In the case of increased overhauls, declining production and rebounding futures, some of the long-awaited purchase demand entered the market last week, making the spot price appear after the rapid decline in the previous period. In response to the rapid rebound in the short term, the prices of individual regions and varieties rebounded greatly, but the steel market as a whole still showed a downward trend. Experts pointed out that since only a small number of brave steel traders have recently entered the market to buy at the bottom, the overall weak trend has not been reversed. It is difficult to form a full rebound in the market. The stainless steel angle steel market may consolidate at the current price level in the near future.
Although domestic steel prices continued to fall last week, there have been some positive changes compared with previous weeks. The prices of rebar, hot-rolled coil, medium and heavy plates, billets, strips, and profiles in some leading regions have rebounded for a long time. For example, the price of construction steel in Beijing and Tianjin rebounded after the announcement of the settlement prices of leading steel mills. However, the price of construction steel products in the southern market continued to arrive in the case of the resources from Beimao to the south. However, the prices of stainless steel angles in leading regions such as Shanghai, Hangzhou, Guangzhou, Handan, and Tianjin, which experienced rapid declines in the previous period, rebounded to varying degrees near the weekend after the periodical bottoming out in the middle of the week, with the rebound rate reaching 100 yuan in some regions. Prices in other regions have not kept up, but there are signs of stabilization. It is expected that after the price rebound in the dominant regions, the market prices of hot-rolled coil and medium-thick plate in other regions will stabilize in the near future, but it is unlikely that they will rise sharply. The current small rebound makes it difficult to form an expectation of the overall market rise, and it is still difficult for the market to rebound in an all-round way. Because after the Spring Festival inventory in recent years and the loss of money after the festival, most traders will not take the initiative to make inventory around the Spring Festival this year. "Let your price rise or fall, I will not move" the majority of merchants. Recently, only some bold steel traders have entered the market to buy bottoms. It can be said that the overall weak trend has not been reversed, and the partial and phased rebound of the price is difficult to form a prairie fire.
