The demand for Hot Rolled  watches continued to rise this week, and it is expected to hit the peak next week. The speed of destocking is difficult to increase significantly in the short term, and the pressure on supply and demand balance may accumulate. At present, downstream consumption is relatively stable, but the pace of production has slowed down, the intensity of consumption has declined, and the trend of rational consumption has emerged. As far as next week is concerned, the market’s destocking momentum can continue for a week, and it is difficult to restore confidence in speculation and hoarding, and the overall price will show a pattern of weak shocks.

With the recovery of supply in Southeast Asia and the overall correction of domestic and foreign markets, export transactions have slowed down. The official offer price of SS400 Steel Coil from China’s leading Steel mills is US$660-680/ton FOB, and the offer price of SAE1006 is US$700/ton FOB. The price advantage of type resources is not significant. In addition to the significant decline in export sales to Southeast Asia, replenishment activities in South America and the Middle East have also stagnated. A steel mill in North China reported that the resumption of production at several electric furnace factories affected by the disaster in Turkey this week eased the supply shortage to a certain extent, leading to inquiries Disk volume decreased.