European standard H-shaped steel

Overall, the market is sluggish, with fewer traders hoarding goods this year compared to previous years. In the short term, spot resources in the market will only become more scarce, making domestic mines have a certain degree of resilience. However, there is no clear sign of a rebound in downstream steel prices, and the price difference between domestic and foreign mines is gradually being repaired. Before steel companies resume domestic mine procurement, the short-term market is difficult to say good, and it is expected that the domestic mine market will maintain a weak and stable market in the near future.

The domestic iron concentrate market is operating in a volatile manner, with slight signs of recovery in ore prices, and overall transactions remain relatively quiet. The overall mining prices in the Northeast region remain weak, and market transactions are cold. From the perspective of the Jiangsu market, spot iron ore traders along the Yangtze River offered firm quotes on the 29th, with actual transaction prices slightly increasing compared to the 28th. From the perspective of port resources, the sales of spot resources are good. The European standard H-beam steel factory has made up for the shortage last week, and the available resources at the port have decreased significantly. Additionally, there are fewer ships arriving in the future, and some mainstream resources have been sold out. It is expected that the available mainstream resources at the port will be in short supply next week.

In addition, considering that the Spring Festival is approaching, some steel mills will gradually stock up from next week, and it is expected that there is little room for spot prices to decline. In addition, considering that it will be several days until the end of the month, it is not ruled out that platform transactions will drive up the market. Therefore, it is expected that the spot goods at the port will strengthen today. From the perspective of the domestic market, it is expected that the overall operation of the domestic iron concentrate market in the later stage will be relatively stable, and downward pressure on H-beam steel still exists.