A283 Gr C steel price is expected to be up this week

Under the stimulation of macro policies, the market bullish mentality is high. When the accumulated rising A283 Gr C steel coil social inventory and the continuously increasing steel mill capacity encounter the seasonal off-season influence, the falling risk can not be ignored. It is expected that the A283 Gr C steel coil price will fluctuate at a high level next week, with an adjustment range of 1.4-8.6 USD.

At present, with the fluctuation of the futures market, most businesses are in a wait-and-see mood. From the perspective of the aftermarket, the market mentality can still be maintained under the boost of macro expectations. However, the short-term demand continues to face the suppression of all parties in the off-season, and the high-level pressure is small. Considering the strong support of steel mills and cost side, A283 Gr C steel plate price is expected to fluctuate at a high level next week.