Steel Coil Today's Market Forecast--GL Coil Sheet

As the Federal Reserve released a negative signal for raising interest rates, the global stock and futures markets fluctuated significantly, and the spot market operation sentiment was sluggish. In addition, the output of domestic steel mills increased, terminal purchases in the market were limited, and merchants were cautious about replenishing their warehouses. However, the two sessions focus on supporting economic recovery and development policies. The positive trend remains unchanged, and the scale of real estate financing is still bottoming out, which will benefit the price trend of GL Coil Sheet in the long run. Let's listen to analysts' detailed analysis of the price trend of steel products in the later period...
Analysts' opinion: The current international economic situation is tense, and the inflation rate is higher than the Fed's long-term target of 2%. Except for the decline in core indicators, there is almost no sign of lower inflation in other areas. Therefore, the possibility of the Fed raising interest rates by 50 basis points in March was Greater than 25 basis points; the release of hawkish remarks, the stock index, and the futures market fell, driving the market panic, raising a negative steel price trend.
At present, the country focuses on resuming economic development, government bonds and fiscal policies continue to improve, the central bank's financial support has increased, data on infrastructure, real estate, and manufacturing have exceeded expectations, residents' consumption has gradually recovered, market investment expectations have risen, and the steel demand has expanded. In addition, as of March 7, the total inventory of imported iron ore in China's 45 ports was 139.2786 million tons, a decrease of 1.47 million tons from last Monday. The cost support of iron ore and coke was strong. The ex-factory prices of steel companies remained high, and merchants were cautious about replenishing inventory; it is expected that steel prices may rise steadily tomorrow.