On the 9th, the national billet market remained stable. Tangshan, Shanxi, Shandong and Jiangsu are all stable. Today, the steel market slows down adjustments, the overall transaction of billets is average, and the prices of downstream finished products have stabilized and declined slightly.
Affected by this situation, mainstream billet manufacturers cautiously reported stable operation in the afternoon, and the ex-factory implementation including tax was 3640 yuan/ton. If the night market continues this high market, then tomorrow morning will not rule out the possibility that mainstream billet manufacturers will take the lead in raising their quotations. On the contrary, tomorrow, we will wait and see the downstream transactions, but considering the current low billet inventory and high cost, the bottom support is strong. On the whole, the recent steel market tends to show a tight adjustment.
