Trading volume dropped sharply, steel prices fluctuated and adjusted

Recently, the steel market has continued to strengthen, prices have remained high, and various data have continued to hit new highs, giving people a feeling of hot market. Whether the steel market is hot or not, steel traders seem to have the most say. Their recent sharp decline in trading volume seems to be sending a bad signal. Behind the "off-season" market, some risks deserve vigilance.

The steel market is strong, and steel prices have been on the rise. As of July 21, the Lange Steel Network Steel Price Index was 146.1, still at a relatively high level, only 0.3 behind the highest point this year, and only 0.1 behind last week's high. Last week, the prices of iron ore and steel billets all hit new highs for the year, driving the price of steel to rise again and again. Among them, the prices of hot-rolled coil, medium and heavy plates, and hot-rolled strip all hit new highs during the year, which shows how hot the market is.

Due to the combination of early capital power, cost support, and good market expectations, the price of steel has risen by a large margin, and the current demand is still low season, steel production still maintains a high level of release, and market supply and demand are in a wide-balanced pattern.