Hot rolling steel coil sheet price forecast

Posted:2021-02-26 16:51:30

Hot rolling steel coils and sheets price is expected to be rising.
Driven by the strong momentum of futures and raw materials, market prices of hot rolling steel coils and sheets have risen again, but the downstream is not very accepting of high levels, and shipments at high levels in the market are not good. Merchants are holding cautious and wait-and-see attitudes. It is expected that the price of hr coils may increase slightly tomorrow.

Medium and heavy plates: strong operation
Boosted by the steel futures opening and rising, the market as a whole stopped falling and rebounded. The steel billet took the lead to rise by 20 to boost market confidence. Merchants' bids actively followed up. Only a few were more cautious and the growth rate expanded. Market trading eased significantly compared with yesterday. The transaction part is acceptable, the overall mentality of the merchants is biased and optimistic, and the market enters the stage of the game of supply and demand. It is expected that the price of the hot rolling steel plate market will fluctuate and adjust tomorrow.

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