There is still a wave of callback before the steel market pressure is expected to increase this week

Steel analysis believes that the domestic steel market oscillated upwards last week, but the gradual fall is inevitable. The steel market pressure has increased this week, and there is still a wave of correction before the holiday.

Last week (September 17 -21), the domestic steel market oscillated upward, and the analysts believe that the reason for the rebound in steel prices is the phased release of demand from traders for restocking, and its driving force is firstly the improvement in market expectations caused by favorable policies, and secondly. It is the relatively low inventory of circulation links. However, the instability of phased demand release, the recovery of production capacity, and the cost space caused by the current relatively weak ore prices still have a decisive role in controlling steel prices.

For two consecutive weeks, the steel market moved ahead and held up, indicating that the market game is still not over. At present, this turbulent uptrend is unavoidable. The bearish ratio this week has increased from last week, and the pressure of market correction will be greater than last week.