Price Rebound

Brief review of the strip market on November 28th - futures pulled up
Hot-rolled narrow strip steel: Tangshan narrow strip steel dropped 30 yuan/ton at the beginning of the morning, the transaction was light, and the intraday price dropped 30 yuan/ton. It was close to the noon futures, driving the spot narrow strip steel to rise 80 yuan/ton to 3370 yuan/ton. The business is afraid that the market will rebound and actively make up the order. Raw steel billets have improved significantly today compared to the previous few days, and there is still some support for narrow strip steel. The downstream shelf pipe manufacturers are holding a wait-and-see mood, and the enthusiasm for narrow-strip steel procurement is not high, and on-demand procurement is insufficient. It is expected that the narrow strip will run stably tomorrow.
Hot-rolled medium-width steel: Jinrui 355 series strip steel factory steady report 3250 yuan / ton, afternoon medium-speed broadband 355 series market resources spot part reported spot 2960-3000 yuan / ton, up 65-100 yuan / ton before the afternoon, the deal Amplification, low-cost resources to buy more. In the off-season of winter, some steel mill maintenance plans have been put on the agenda, so the upside of supply in the later period is limited, the supply is less than demand, and the supply and demand game results are still expected. It is expected that the strip will be replenished tomorrow.