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EXPERTS PREDICTED PRICE OF STEEL 22-26TH APRIL 2019

EXPERTS PREDICTED PRICE OF STEEL 22-26TH APRIL 2019
Issue Time:2019-04-25

My steel: Last week, the domestic steel market was running at a high price shock. At the present stage, the driving force of the price rise of finished products has obviously weakened, and the performance of the demand side has begun to show a certain downward trend. In addition, the current spot price level is generally high, so the market spot merchants are afraid of heightened sentiment, and the main operation is delivery to get cash back. Secondly, the current market inventory resources pressure is relatively small, and the cost of follow-up resources replenishment is not low, so even on the premise of delivery, price concession space is limited. Considering this week’s approaching May Day holiday, terminal purchasing or some early release, the overall market mentality level is still supported. Comprehensive forecast, this week (2019.4.22-4.26) domestic steel market prices maybe maintain high volatility operation.

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