The main steel prices of construction steel, hot-rolled, medium-board, profiles and cold-rolled steels all fell, and only the large-diameter thick-walled seamless steel pipes fell differently.

According to the latest market report provided by the well-known steel information agency “My Steel”, the current mentality of the domestic steel market continues to be weak, the stainless steel rectangular tube funds are tightening, and the demand side continues to “stagnate”.

According to institutional monitoring, the domestic spot steel market still maintains a sharp downward trend, and the seamless pipe transactions are still not good. In the past week, the domestic construction steel price fell by more than 100 yuan, the hot rolled product fell by 70 yuan, the medium plate fell by 52 yuan, the profile fell by about 30 to 40 yuan, and the cold rolling was relatively firm, with a drop of only 8 yuan.

The latest price policies of major steel mills also generally declined. Affected by this, the business of the Q345B square tube market, the general trend of the trend tends to be weak, not optimistic about the market outlook. According to some merchants, they generally feel that “the pressure on capital has increased”. As long as there is an opportunity, the willingness to cash in is significantly enhanced.

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