How is the short-term trend of China steel price

At present, it is entering the peak season of production and construction, steel demand keeps expanding, the inventory of traders and downstream is not high, the market participants are still in the majority of bullish views, steel mills are willing to support the price strongly, the downstream is not willing to undertake, the degree of game between the supply and demand sides intensifies, the short-term steel price will fluctuate strongly, and the fluctuation range will increase under the high state.

In the long run, China's steel price composite index on March 29 has exceeded the stage high reached in May 2011. Recently, the yield of US debt has risen, some countries have started to raise interest rates, market risk preference has declined, liquidity and expected factors weaken the promotion of steel prices. The current steel price may have fully reflected the expectations or reached the top area of the round of rise.