Steel failed to extend yesterday's rebound

At the early morning of the 22nd, the steel market failed to extend yesterday's rebound. The price of the snail closed at 4,568 yuan / ton, down 65 yuan / ton, a decrease of 1.40%; the market expects the Fed to implement new measures will not produce a better economy The impact of the big, the long-term confidence suffered a severe blow, the commodity collective down, in the case of large environmental emptiness, the hot-expanded steel pipe futures trend is even weaker. Affected by this, the spot price continued to decline slightly, and the market mentality was once again frustrated.

However, dragged down by the sharp decline in the financial market, the electronic disk opened sharply lower in the morning on the 23rd, and then oscillated lower. Under this influence, market panic sentiment revived, and some seamless steel pipe traders maintained a stable price to wait and see the market. A few merchants slightly lowered the offer to reduce the risk of returning funds. However, due to lack of market confidence and limited funds, merchants' willingness to receive goods is generally not high, and market transactions are difficult to improve.

Affected by this, the pressure on the domestic steel market has increased sharply. The 1Cr5Mo alloy steel pipe business is more confused about the market outlook. The future demand is weaker. There is no possibility of release in the short term. After the short-term recovery of raw material prices, the stamina is less than 10 yuan on the 22nd. The printing powder also fell slightly by about US$1, and the raw material prices entered the downward channel, and the demand was weak. What is even more tragic is that the pressure on the above funds has further increased.

The construction of affordable housing has been steadily advanced. In the first 8 months, 8.86 million sets of urban affordable housing and shantytown renovation projects have been started, with an operating rate of 86%. According to this progress, the start of 10 million sets of affordable housing will no longer be a problem, and the overall number of starts may exceed 10 million. However, the downside risks in the commercial housing market have increased, dragging down the demand for Wuxi 20G high-pressure boiler tubes.