A588 grade A bridge steel market forecast this week

For this week, supply: Overall, the current steel mill production situation is basically normal, coupled with the positive expectations, production enthusiasm is fair, so it is expected that the supply of A588 grade A bridge steel will continue to be stable this week.

Demand: last week, the overall trend of A588 grade A bridge steel trading fluctuated slightly, mainly because last week, after the high level of black market fell, the trend began to fluctuate, speculation cooled, and the actual demand of terminal increased. For this week, although there was a decline in the A588 grade A bridge steel social stock last week, the decline was weak, but the factory warehouse was changed from decline to increase. In addition, part of the terminal feedback fund withdrawal problem leads to the slow release of demand. With the pressure of high supply, the demand of A588 grade A bridge steel may not improve significantly.

Mentality: last week, due to the macro data was not as expected, the black future high fell down, coupled with the demand expectations have not materialized, the apparent demand also decreased slightly, the market optimistic mentality has been tightened. At present, the mentality of A588 grade A bridge steel merchants tends to be cautious, and they still choose the idea of normal shipment and inventory reduction.

Overall, it is expected that the price of A588 grade A bridge steel this week will show a weak trend of shock.