On July 27th, Most Of China's Domestic Steel Market Rose

On July 27, most of China's domestic steel market rose, and Tangshanpu's billet ex-factory price increased by 20 yuan to 5260 yuan/ton. The steel market continued its upward trend in the early trading on the 27th, mainly due to the recent reductions in steel mills' production and the lack of resources in the hands of merchants, and the market mentality is better. However, as the willingness to purchase downstream terminals further weakened, the steel futures market took the lead to fall from a high level on the 27th.