Is there room for China's steel prices to rise before Labor Day

Under the influence of the rebound of raw material prices, the strengthening of cost support, and the re attack of environmental protection and production restriction, steel prices are still likely to rise before Labor Day.

In addition, foreign economic recovery is strong, steel prices are significantly higher than domestic, steel exports increase, the domestic market prices can also form a certain drive.

On the whole, the steel market before Labor Day is likely to rise tentatively under the influence of increased cost support and environmental production restriction, but it is also subject to the release of downstream demand and the acceptance of high price. On the whole, it may rise before the festival and fall after the festival.