Steel prices are expected to rise overall after the Spring Festival

What will be the trend of the steel market at the end of the year and the beginning of the year? This is the topic most concerned by steel traders nowadays. It is expected that steel prices will continue to fluctuate slightly before the Spring Festival next year, accumulating rebound energy, and are expected to rise overall after the Spring Festival.

At present, it is in the low season of steel demand. As the northern region enters the cold winter season, the construction of construction projects is basically stagnant, and the downstream demand intensity is significantly weakened. In particular, the market transactions of construction steel such as rebar and wire rod are relatively flat. At the beginning of next year, with the continuous implementation of various macro favorable policies, the policy effect will gradually appear, which is conducive to the recovery of the steel market.