Prices in the construction steel market fell slightly on the 7th. The average price of rebar in major cities was RMB3,951/mt, down RMB6/mt from the previous trading day. The main contract 2305 closed at 3782 yuan/ton, down 21 yuan/ton from the previous working day's settlement price, and at a discount of 48 yuan/ton to Hangzhou Zhongtian's market price of 3830 yuan/ton. At the morning market, spot prices in most domestic areas were stable, with local spot offers falling steadily. Today's transaction was still poor, and the trading atmosphere was insufficient in the morning. The medium-term snail shocks weakened during the day, and some merchants fell slightly by 10-20 yuan/ton in order to ship. Most of the domestic regional epidemic control has been relaxed, the market confidence gradually stronger, the short-term boost to demand is not much, the price upside lack of sufficient momentum. In the face of low inventories and raw materials firmness and other factors, there is strong support for spot prices, prices are difficult to rise or fall. It is expected that the recent construction steel market quotation narrow range oscillation is dominant.
