According to the steel price analyst of China Iron and Steel Network, the daily output data of crude steel of China Steel Association showed a downward trend in March, and the daily output of crude steel in the later period was only 1.6 1.33 million tons, falling for 30 consecutive days. It can also reflect the influence of environmental inspection on steel supply to a certain extent.

On the whole, China's steel output will remain high in the second quarter, and the contradiction between steel supply and demand is still outstanding, and the supply expansion is greater than the demand expansion; The macro level is still under pressure, and economic data may remain below the threshold; Due to the pressure of production reduction brought by environmental protection, the demand for raw fuel is weakened; Increasing investment in environmental protection and production costs by steel mills is not conducive to the sound development of the steel market, and steel prices will continue to decline.

At present, the terminal demand of the steel market has not started as expected, and the downward cost and tight capital have obviously dragged down the trend of steel prices. Iron ore and steel futures continued to fall sharply, further spreading market pessimism. It is expected that the decline of domestic steel prices will remain unstoppable.