It is expected that the market price of special steel will be stable tomorrow

Today, the market price of special steel was adjusted individually, and the transaction performance was not good. At present, steel mills have large profit margins, and prices are still firm. Steel mill inventories have decreased slightly, but the pressure remains. In the past half month, traders’ inventories have dropped rapidly, mostly due to low-priced resources a year ago. Under the pressure of high prices, traders are relatively cautious and slow in restocking, resulting in shortage of some specifications. Most downstream terminal companies lose money, but they are gradually accepting current prices.

In summary, high prices are still the main factor limiting the release of current market demand. Despite complaints in the market, high prices are the norm this year, and you need to slowly adapt to the current rhythm. Moreover, it is still optimistic about this year's market, and high expectations will also support prices. Therefore, it is expected that the market price of excellent special steel will be stable tomorrow.