On the 29th, the price of construction steel market stabilized after rising. The average price of rebar in major cities was 3948 yuan/ton, up 7 yuan/ton from the previous trading day. The futures spiral rose in shock. The closing price of the main contract was 3765 yuan/ton, 30 yuan/ton higher than the settlement price of the previous working day, and 85 yuan/ton discount compared with the market price of Hangzhou Zhongtian Screw 3850 yuan/ton. In the morning, the market price of construction steel in East China rose steadily by 10-20 yuan/ton. Recently, due to the rainy weather in East China, the downstream transaction was blocked. The snail continued to rise in the late opening period, which had limited effect on the spot, and the market sentiment was more cautious. In the afternoon, the snail high fell back, the market sentiment tended to be cautious, and spot prices in some regions returned to the level before the rise. As the recent temperature gradually decreases, the demand side gradually weakens, and the recent tightening of epidemic prevention and control throughout the region also has a great impact on downstream construction, so the transaction performance continues to be poor. It is expected that the price of construction steel market will fluctuate in a narrow range in the near future.
