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What does steel diving mean?
Steel prices are diving today.

China steel network data shows that:

24 of the 24 rebar markets fell by 30-250, and the average price of 20mmHRB400E was 4806 yuan/ton, down 145 yuan/ton from the previous trading day;

Twenty-four of the 24 markets for hot coil fell by 50-270, and the average price of hot coil was 4907 yuan/ton, which was 1, 9 1 yuan/ton lower than the previous trading day;

In 23 of the 23 markets of medium plate, the average plate price dropped by 50-200, and 14-20 mm was 5303 yuan/ton, which was lower than the previous trading day 126 yuan/ton.

According to the data monitoring of China Iron and Steel Network, today, ***23 steel mills adjusted their prices, with no upward adjustment and a downward adjustment of 18, with the largest drop of 250 yuan/ton and five stable.

Futures steel fell overall today.

Today's main thread futures 5 1 closed at 4246, down1.19%; The main force of hot coil fell by 77 to close at 4463, with a decrease of1.70%; The main force of iron ore fell by 26 to close at 536.5, a decrease of 4.62%; Main coking coal fell 74% to close at 2240.5, a decrease of 3.2%; The main coke fell 10 1 to close at 2920, a decrease of 3.34.

Short-term steel price forecast:

Recently, with the continuous development of coal supply and price stabilization, the daily output of coal reached a new high in the year, the price of coal market continued to fall, and the bearish sentiment in commodity trading market also led to the continuous decline of steel price. In addition, the domestic automobile sales in June 5438+ 10 were poor, the international PMI data was lower than expected, and the insufficient market demand would also affect the steel procurement. On the whole, it is expected that prices will remain weak in the short term.