Steel prices short – term partial shocks

In terms of fundamentals, affected by the southern rainy season and high temperature weather, downstream demand continues to be depressed, although the table demand has picked up slightly this week, but the overall low, seasonal characteristics are obvious; The supply has increased slightly, although the profits of the steel mill have fallen this week, the steel mill still maintains a small profit, so the production willingness is OK, and the thread inventory has been exhausted for two consecutive weeks. The recent macro speculation theme is limited, but the macro expectations are still in, and the short-term steel price shows a volatile trend.

Strategy advice: Wait and see.

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