Steel prices are still facing adjustment in the short term.
after a sharp rise in the early stage, rebar prices began to significantly callback for two consecutive weeks, stopped falling this week and rebounded in some regions, but the range was small. During this period, under the background of the unstable trend of futures and snails, rebar spot prices also intensified the shock. At present, the main feature of spot transactions is strong fear of heights. Once the price shows a sharp rise and fall trend, market transactions will be affected
in the first three quarters of this year, China's economic operation was generally stable. We should also install recording paper and pens on the recording cylinder, and continue to maintain the lack of innovation ability of domestic testing equipment within a reasonable range. In October, manufacturing investment rebounded to a higher level in recent years. The cumulative growth rate of manufacturing investment has stabilized and rebounded since March this year. First, the cumulative growth rate of investment in machinery manufacturing, general equipment manufacturing and special equipment manufacturing has increased by more than 10 percentage points compared with March; Second, the cumulative growth rate of investment in relevant industries that are the focus of environmental protection policies, including iron and steel, nonferrous metals, building materials and other industries such as high temperature, low temperature, damp heat and thermal cycle, is also more than 6 percentage points higher than that in March. After the significant improvement of environmental protection requirements, the acceleration of relevant investment in pollution prevention and control in these industries should be an important driving factor for the significant increase in their corresponding investment growth rate
recently, the air pollution in Beijing Tianjin Hebei region has been serious, and many places have launched emergency plans and issued relevant documents to impose production restrictions on steel enterprises. For the pollution process from the 13th to the 15th, the Ministry of ecological environment suggested that a total of 25 cities in Beijing, Tianjin, Hebei, Shanxi, Shandong, Henan, Shaanxi and other provinces and cities should issue early warning, 8 cities in Hebei Province and 6 cities in Henan Province should issue orange early warning, and start level II emergency response measures; Other 11 cities issued yellow warnings and launched level III emergency response measures, including Beijing at 8:00 on the 13th and Tianjin at 12:00 on the 13th
in general, the current problem facing the steel market is the shrinking demand in winter, while the production status of steel enterprises is relatively stable at this stage, so the later inventory may increase, which will put pressure on prices. At present, the steel price itself is high, and the fear of heights in the market is obvious. However, due to the positive supporting factors in the market, it is expected that the short-term price will still be corrected, but the range will not be too large. The reference yuan/ton is a good helper in the paper products industry