Steel prices continue to be entangled, will tomorrow welcome red Friday or black Friday?

Yesterday, the spot steel price was mainly stable, and the futures steel fluctuated slightly.(To learn more about the impact of specific steel products. such as Black Steel Pipe, you can feel free to contact usesterday the steel market was generaly stable. In terms of vaieties, thread is sightly stronger than hot coi, and a few markets stfil rebound slighty, theaverage pnce ot square pipe. inner rectangular pipe. oaianized and other vanetes has nsen slonty. the averae once of hot coi. medium piate. codroled and other vaneties has siohty decreased Compared wit vesterday. most markets have not chanoed mucn. The overa transacton is averaoelf you want to know more about the industry news on Black Steel Pipe Manufacturers. you can contact us at any timeJue to the continued weakening of demand, the disturance of the epidemic and the entanged psychooay of the market, the market transacton volumecontinued to decine, the tota amount of stee tactory warehouses and socia warehouses increased. and the demand for tables decreased.Due to thedeclne in gross proft margin and the infuence of vanous factors, the maitenance of steel mils increased, and the output began to decline siohtycomoared with ast week It should be noed hat the tota outout was basicaly maintained at the level of the same perod ast vear, and the total inventonwas lower than that of the same period last year. Fundamentals continue to have insuficient driving force, and the market is stfl driven by macroexpectations and funds.
If you want to get the price of specific steel products, such as Welded Black Steel Pipe, you can contact us for quotation at any timeJudging from the curent situaton, a smal number of markets have improved transactions, but the overal weak transaction status has not changed.Theenthusiasm for termina stockino s not hioh. traders and constructon stes have more hoidavs. and stee mis and aroe houseno ds are acively raisinoDrces. Due to the cradual coolng of spot fundamentals, the market is increasingly dominated by market funds and sentiment, The closer to the Spring
Festival, the more obvious the situation of price but no market. In the short term, the spot market will continue to fluctuate slightly.


Post time: Jan-05-2023