The Production Of Crude Steel Was Reduced in Many Places, The Supervisory Authorities Strictly Investigated Illegal Scalping, And The Rise Of Steel Prices Slowed Down

On July 15, the domestic steel market generally rose, and the ex-factory price of Tangshanpu billet rose by 20 to 5140 yuan/ton. Affected by the central bank's RRR cut and news of reducing crude steel output from many places, the market has strong bullish sentiment this week, steel transaction volume has rebounded significantly, steel mill inventories have further declined, and manufacturers have actively increased. However, downstream terminal cost pressures have increased, and they are still purchasing on demand, and more speculative demand is active.