In the short term, the market price of cold and hot rolled coils is dominated by consolidation
The "Golden September and Silver October" has passed. The market trend of cold and hot rolled coils has not been as expected by steel traders. Instead, the overall market has fluctuated. Since late October, steel prices have fallen sharply. This has given steel traders a basic understanding of the market outlook Be cautious. On October 29, Li Zhongshuang, general manager of Shanghai Ruikun Metal Materials Co., Ltd., said in an interview with a reporter from China Metallurgical News that from the perspective of supply and demand, it is expected that there will be insufficient power to support the price increase in the cold and hot rolled coil market during the year. Prices will be based on consolidation. First, the effective demand of downstream terminals is difficult to release significantly. In recent years, the production and sales of major downstream users of cold and hot rolled coils such as automobiles and home appliances have been poor. On October 28, a leading company ...