What you want to ask is why steel futures fell, and why didn't manufacturers fall? According to the inquiry of Wealth Management Home Network and Baidu Aigou, the reasons for the decline of strip steel futures may be:

Although the price of strip steel futures has fallen, manufacturers are affected by many factors, such as weakening demand, increasing supply, trade friction, financial market fluctuation and so on, and their prices will not fall with the decline of strip steel futures prices. The pricing mechanism of manufacturers and strip steel futures is different. Manufacturers are affected by supply and demand, cost, market environment and other factors, and their prices are relatively stable; However, the price of strip steel futures is affected by many factors such as market supply and demand, capital flow and policy environment, and the price fluctuates relatively.