According to my steel grid forecast, the domestic steel market has intensified in recent days due to the continuous decline of steel billets and the continued sluggish demand. At present, most of the country will enter the rain and three high-temperature days, the demand is still difficult to improve, and the crude steel output is still high, it is expected that the price situation is still difficult to improve significantly. My steel network monitoring data showed that the average price of rebar in 25 major markets fell across the country on the 17th. The average price of HRB400 20MM rebar is 4054 yuan / ton, down 24 yuan / ton compared with the previous trading day price. Last weekend and this Monday, Tangshan billet fell sharply, with a cumulative decline of more than 100 yuan / ton, a clear impact on the market. At the same time, the demand itself has not improved due to the rainy weather in many places. The price weakness is more obvious. Yesterday, the national market continued to fall, and the price of many places fell more than 20 yuan / ton. According to the China Steel Association, although the average daily output of crude steel in the first half of July has dropped slightly, it still maintains a relatively high level. The market supply pressure is still relatively large, and there are signs of increased resources in many places. In addition, the rebar in the futures market continued to fall, increasing market sentiment. At present, the overall air force in the market still dominates, and the short-term forecast price situation is difficult to improve.
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