SHINESTAR STEEL GROUP CO., LTD

盛仕达钢铁股份有限公司

Steel mills cut prices intensively, with plans to resume production in December, and short-term steel prices run weakly

On November 29, the domestic steel market declined weakly, and the ex-factory price of Tangshan Pu’s billet remained stable at 4,290 yuan/ton. In early trading today, the overall transaction in the steel market was acceptable, and both rigid demand and speculation have entered the market for inquiries. The trading atmosphere in the afternoon market was deserted, and secret transactions were common.

On the 29th, the main force of the snails was weak. The closing price of 4145 fell 0.93%. DIF and DEA went up in both directions. The third-line RSI index was at 43-56, running between the middle and upper tracks of the Bollinger Band.

On the 29th, 9 steel mills lowered the ex-factory price of construction steel by RMB 20-80/ton.


Post time: Nov-30-2021

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