Review of the steel market in January, as of 30 days, showing the upward movement of shock, steel composite price index rose 151 points, thread, wire, thick plate, hot rolled, cold rolled prices rose 171, 167, 187, 130 and 147 points. 62% of Australian iron ore prices up 12 dollars, coke composite price index down 185 points, scrap steel prices up 36 points, steel prices stronger than expected. Before the Spring Festival, steel mills mainly passed on costs to lift prices, while after the holiday survey inventory accumulation data was lower than expected to boost confidence, steel prices performed better than expected.
Looking ahead to the steel market in February, the logic of steel price operation should gradually return to the fundamentals, steel manufacturers’ appeal for profits has become the core logic of market operation, strong pricing strategy or drive spot market still have stage rebound space, but a moderate back should be inevitable.
Lido February the main factors in the steel market have