retroarcadegamesonline| The steel market fluctuated upwards, and is expected to fluctuate in April. The global manufacturing PMI will help rebound

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Recently, the steel market has fluctuated upward.RetroarcadegamesonlineMarket confidence has been enhanced thanks to the rebound in global manufacturing PMI and improved fundamentals. Last week, steel prices held steady, the removal of stocks accelerated, and the downward momentum weakened. The market rose significantly this week, with demand supporting the resumption of production and rising costs. Despite the easing of inventory pressure, a higher-than-expected rebound in production could pose risks. It is expected that steel prices are mainly volatile in April, and the market is facing positive factors such as low supply and rebound in demand.

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Recently, the steel market showed a volatile upward trend, the global manufacturing PMI rebounded and steel fundamentals improved to bring confidence to the market.

Last week, steel prices maintained the bottom area, the speed of destocking accelerated, and the downward momentum of the market weakened. Although inventory pressure still exists, production cuts and inventory relief are expected to lead to a rebound in steel prices, which are expected to be mainly volatile in April.

The market rose significantly this week, with the global manufacturing PMI rebounding and the improvement in steel fundamentals driving the market stronger. In the past three weeks, the speed of thread destocking is faster, hot coil inventory has also been reduced, demand to support the resumption of steel production, the cost has increased. Supply rebounded at the initial stage, continue to go to the warehouse to help the disk to maintain a strong trend.

The steel market is currently facing positive factors such as low supply, rebound in demand, and relief of thread inventory pressure. However, a higher-than-expected recovery in production could become a market risk point.

Hexun self-selected Stock Writer risk Tip: the above content is only the views of the author or guest, does not represent any position of Hexun, and does not constitute any investment advice related to Hexun. Before making any investment decision, investors should consider the risk factors related to investment products according to their own circumstances and consult professional investment advisers if necessary. Hexun tries its best but cannot confirm the authenticity, accuracy and originality of the above content, and Hexun does not make any guarantee or commitment.

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