According to the latest market report provided by the well-known domestic steel information organization "My Steel", in the past week, the domestic spot steel price composite index closed at 124.03 points, an increase of 4.59% over the week. Market participants said that steel prices have been rising for two consecutive weeks after a “roller coaster” of “rising-callback”. The performance of steel futures was strong, and the spot steel price was actively rising. Although the market transactions were heavy, the terminal demand was still weak, and the follow-up efforts were worrying. However, the cost of steel is still supportive, and mainstream mills' quotations for December shipments continue to rise. In addition, some areas in the country are undergoing environmental supervision, and steel output will be suppressed. These factors will have a certain upward thrust on the steel market.

According to analysis, in the construction steel market, prices have risen sharply. The ton prices in Shanghai, Hangzhou, Hefei and other places rose 30 yuan to 290 yuan a week. From the specific market dynamics in Shanghai and other places, we can see that although prices have generally risen sharply, there have been ups and downs in the meantime. At the beginning of the week, the market rose sharply, but prices fell amid a rapid contraction in trading volume. However, the news that the illegal production capacity in some regions was investigated later became a hot spot in the market. The market expects a reduction in supply and prices are rising again.

In the plate market, prices have risen significantly. The prices of hot-rolled coils rose sharply, and the ton prices in Shanghai, Jinan, and Guangzhou rose by 20 yuan to 280 yuan a week. In the Beijing-Tianjin-Hebei market, the largest ton price in a single day rose more than a hundred yuan. Plate prices have also risen sharply, with ton prices in Shanghai, Wuhan, Beijing, Tianjin, Hebei and other places rising by 50 yuan to 300 yuan a week. In general, the market mentality is acceptable, but in East China, some merchants are already adjusting the pace of order purchase.

Imported ore prices in the iron ore market fluctuated sharply. According to the latest report, in the domestic ore market, the price of iron concentrate in Hebei has basically remained stable, the enthusiasm of steel mills for procurement has declined, and the wait-and-see atmosphere in the mining market has increased. Imported ore prices fluctuated widely. They rushed to US $ 81.65 per ton at the beginning of the week, setting a new high in the past two years, but they began to fall rapidly in the middle of the week, and then rose sharply again at the weekend, hitting the US $ 80 per ton mark. As of the 1st, the 62% -grade iron ore index closed at US $ 79.1 per ton, down US $ 1.25 a week. Recently, domestic efforts to reduce production capacity and environmental protection have increased again, the operating rate of steel mills has declined, and the demand for iron ore has also declined.

The analysis of relevant institutions believes that the current domestic steel market is intertwined with long and short. After the steel price has risen to a high level, the trend has begun to appear tangled, the market mentality has also become cautious, and in the short term steel prices will be mainly consolidated at high levels.