Steel market price forecast this week

  According to Mysteel research, 237 traders traded 188,000 tons of construction steel per day last week, up 24% week on week, indicating that there is a stock demand in the downstream before the National Day holiday, and the overall volume performance is good. On September 26, the volume of construction steel totaled 229,200 tons, up 19.72% from the previous trading day.

  Steel demand and supply is expected to change little this week, supply and demand fundamentals continue weak balance pattern. At the same time, the current market confidence is still insufficient, still affected by external negative factors, recently the US dollar index soared, international commodity prices under pressure. In the short term, steel prices or a narrow range fluctuation.


Post time: Sep-27-2022