This morning, due to the sharp rise of Singapore iron ore index futures, the main contract of domestic iron ore futures rose by 5.73%.

The surge in iron ore led to a strong rebound in futures varieties such as threads and hot coils, which led to a shock rise in scrap prices. Whether the subsequent price rises or not needs to pay attention to the suppression of the previous high of 4500 points in the main contract of thread futures and whether the iron ore rally can continue.