The billet fell 90! Period steel falls 65! Steel prices fall back to the lowest position?

As the Fed once again stepped up the pace to resist inflation, more monetary policies may be introduced, and the domestic central bank issued a document to resolutely suppress the exchange rate. Affected by this influence of the futures market fluctuations, coupled with the domestic epidemic of the country, the steel market blockade, and the psychological expectations of merchants are compared to compared Poor, the overall market unstable factors are long and short.
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At present, under a variety of uncertain factors, global financial risks have intensified, risk balance is tilted downward, and the prices of interest rates and risk assets are extremely unstable. In order to maintain the stability of the economy, a number of policy means may be put on the agenda, but they will be put on the agenda, but in it Under the circumstances of the policy, the funds are still tight, the entire capital market is not good, the futures continue to fall for 2 consecutive days, and the spot operation of steel is not high. Under the psychological effect of buying up and not buying and falling, the market transaction has been weak and the prices of empty steel. Terminal customers are blocked with steel volume, poor procurement and transportation, and the overall market transaction has a greater impact. In addition, the business operation is cautious, and the steel market is not good.
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In the short term, the contradiction and demand of coking coal has intensified, the supply is tight, and the production cost of steel mills has increased. Therefore, it is difficult to increase the bottom of the raw material at the bottom of the raw material.
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At present, the global economy has deteriorated seriously, and multiple downward risks have appeared, and inflation pressures are exceeded. The Fed has stepped up the pace of interest rate hikes. At the same time, Russia and Ukraine relations are further tense, the international situation is unstable, the overall economic development is not downturn. Essence It is expected to be pessimistic, and the price of steel will continue to weaken tomorrow.