Steel price forecast for tomorrow

The macro policy is favorable, the black sector continues to rise, the iron and steel industry carbon peaks and the carbon reduction action plan is formed, the overall environment is good. In addition, excavators are sold out of stock and orders are arranged two months later. Downstream projects are actively started and spot prices continue to rise. However, after the rise, the high level of trading was not good but the low level was acceptable. Steel traders have a strong wait-and-see mentality.

In view of the gradual release of steel demand, the rise of billet price is up to a new high, and the continuous support of steel plants, it is expected that the steel price will be stable and stronger tomorrow.