Nissan steel hits new record high, transaction of construction steel repeated

According to the Xinhua News Agency, the current situation in the domestic steel industry is that the release of demand is repeated, but the release of production capacity is “only release”, and the Nissan steel level in late June hit a record high, causing people to worry about. According to the latest market report provided by the well-known steel spot trading platform “Nishimoto Shinkansen”, although the construction steel price has shown signs of stabilization and recovery, transactions have been repeated and it is difficult to have obvious “unilateral market”.

According to market observations, from the end of June to early July, the terminal procurement volume of construction steel in the Shanghai market has risen from a low position for two consecutive weeks. Demand release has shown signs of stabilization and improvement. In addition, the billet price, which is one of the “preceding costs” of construction steel, has experienced a sharp rebound after a two-week slump. The forward price of steel ** is also stabilizing, "this has increased the confidence of the spot market."

Analysts of related institutions said that, on the whole, the release of demand from the domestic steel market is still at a low level, and the performance of market transactions is “capricious”, and the characteristics of strong supply and demand are still relatively obvious. Steel prices will not have a clear trend in the short term and will continue to be dominated by small consolidations.