In December, the steel market did not rise enough to fall to the bottom.

Since the second half of this year, especially after entering October, the overall price of steel has shown a rapid decline. Compared with last year's price trend, December should be at a stage where demand is gradually released and supply is contracted by environmental protection. However, in December this year, steel prices may once again usher in a wave of roller coaster prices.

After a brief and rapid pull-up at the beginning of the month, the recent steel prices showed fluctuations in falling and falling. According to statistics, from December 1st to 14th, taking the rebar price as an example, the initial launch point of the third-grade big snail month is 3560 yuan / ton. During the period, the price quickly rises to 3,750 yuan on December 3rd. The ton of stage highs, and after a week of downside, the current rebar sample price has dropped to 3,520 yuan / ton, compared with the initial price of 40 yuan / ton at the beginning of the month, the overall still did not get rid of the main decline Market trend.

The recent price trend of Tangshan 150 billet is also consistent with the performance of finished products. The overall price of the price from the beginning of December to the present has also risen and then fell.

What is the reason? A quick look at why they are radically rising is quite clear.

Overall, there is still room for shocks and downwards in the short term. After all, during the period of the rebound in November, the reasons for the rebound are not sufficient. If there is no news stimulus at the time, the price may fall to a new low. After this wave of rising prices, time has eased the continuity of the decline, but the fundamentals have not changed significantly. The reserve price to be revealed must be revealed, but it is early or late.



(Source: Economic Information Daily)

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