Will steel prices fall recently?
According to steel price monitoring in sinosteel, the national average price of 20mmHRB400E rebar was 2433 yuan/ton on July 27th, up 17 yuan/ton from the previous trading day. The average price of 20mm medium plate is 260 1 yuan/ton, which is higher by 25 yuan/ton than the previous trading day. The average price of 3.0mm hot coil is 27 18 yuan/ton, which is higher than the previous trading day by 26 yuan/ton. Steel prices were generally raised yesterday. The fundamental weakness has not changed, but the futures price and billet support are still there, the market sentiment is still high and the black market continues to rise. It is expected that the price will rise steadily today. The average price of building materials has room for upward adjustment of about 30 yuan/ton.