The National Development and Reform Commission and other departments held a "reminder and warning meeting" for iron ore-related participants such as miners, ports, etc., which led to a major decline in ore prices. At the same time, the Ministry of Industry and Information Technology's Raw Materials Industry Department held a symposium on the operation analysis of the building materials industry to strengthen supervision forecasts and stabilize market expectations. It is still the pace of economic stability. The production guarantee and production limit in the northern region have been tightened and extended, and the steel supply will be tight for a certain period of time, supporting the long-term upward trend of steel prices. However, the current downstream demand has not really opened up. Although the macro-oriented mid-stream and downstream expectations are strong, it is not enough to offset the impact of the continuous decline in mineral prices. It is expected that the steel spot market price will be stable and weak tomorrow, with a decline of about 20-50 yuan / ton.
Feb 17, 2022
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