SS400 steel price is in shock operation

This week, due to the stable market sentiment, the release of terminal purchase replenishment demand, the overall trading atmosphere improved, SS400 steel prices continued to rebound.

In terms of fundamentals, the output continued to grow, but the policy of limited production in many places was frequent, which inhibited the space of output growth in the later stage; In terms of demand, although the demand for building materials has rebounded, the South has entered a hot and rainy season, the sustainability of the demand for building materials remains to be seen, and the supply and demand pattern may enter a weak state. It is expected that the steel price will continue to play a game between the demand off-season and the production restriction expectation, and the rebound of SS400 steel price will slow down, mainly in the surge operation.