A387 gr 11 steel material price trend has been set this week

Last week, affected by the central bank's water release, Sino US situation, rainfall, production restriction and other factors, A387 gr 11 steel material price fluctuated frequently and spot price fluctuated slightly upward. Near the end of the month, funds were limited, market transactions were cautious and wait-and-see sentiment was strong.

Now the dog days are coming to an end. With the gradual end of hot and rainy weather, it is expected to usher in the release of demand for rush work. At present, China's A387 gr 11 steel material market is still expected to be better, and the macro favorable atmosphere continues.

However, near the end of the month, funds are tight and market transactions are relatively cautious. It is difficult for A387 gr 11 steel material prices to fluctuate significantly. We should pay attention to whether there will be new progress in Sino US economic and trade negotiations this week. It is expected that A387 gr 11 steel material prices will rise slightly this week.