In the domestic steel market after the Spring Festival, not only prices have risen for three consecutive weeks, but transactions are also increasing. Iron ore prices are also rising steadily, and the cumulative increase after the Spring Festival has reached about 20%.

According to the latest market report provided by the well-known domestic steel information organization "My Steel", the domestic spot steel price composite index closed at 79.8 points in the past week, up 3.38% in the week. At present, steel futures are consolidating at a high level, billet ton prices have risen by 90 yuan cumulatively, and steel spot market prices have also expanded. What is more noteworthy is that the trading atmosphere in the steel market is active and the overall transaction volume is increasing. However, in some areas where prices rose too fast, the transaction volume fell slightly, and the merchants tended to be cautious.

According to analysis, in the construction steel market, prices continue to rise. The ton price in Shanghai, Hangzhou, Jinan and other places rose 20 yuan to 150 yuan a week. It can be seen in the Shanghai market that prices have increased significantly. After the end users returned to the market after the holiday, demand was released and market confidence began to rise. Prices in the Beijing-Tianjin-Hebei market are also continuing to rise, and market confidence has increased.

In the plate market, prices have also risen across the board. Hot-rolled coil prices have risen sharply, with ton prices in Shanghai, Hangzhou, and Guangzhou rising by 30 yuan to 160 yuan a week. However, in some areas where prices have risen too fast, merchants have felt that high-level transactions are slightly weak. The increase in the price of plate is even more pronounced, with the price of a ton in Shanghai, Guangzhou, Beijing-Tianjin-Hebei and other places rising 50 yuan to 200 yuan a week. In many regions with tight resources, the market price increase atmosphere is heavier, and the transaction is fair, the business outlook is still good.

The iron ore market also continued to enter an upward channel after the Spring Festival. According to the latest report of the "Nishimoto Shinkansen", in the domestic ore market, the price of iron concentrate in Hebei has risen slightly. At present, the price of domestic iron concentrate is still at a relatively low level. After domestic mines have entered March, although the resumption of production has increased, the overall operating rate remains at a low level, and the price will remain stable and strong. Imported ore prices rose sharply at first, and the Platts index reached a high of 52.6 US dollars per ton in nearly four months, and then fell. As of the 3rd, the Platts index closed at 51.3 US dollars per ton, up 2 US dollars a week. After the Spring Festival, imported iron ore has become the commodity with the strongest price increase, with a cumulative increase of about 20%. In the next step, the price of imported ore will continue to rise in a relatively limited range. (Source: My Steel)

Analysis of relevant agencies believes that the current inventory levels of the domestic steel market and steel mills are significantly lower than the same period in previous years. Driven by comprehensive factors, the domestic steel terminal demand is expected to accelerate the release, and the steel market supply and demand is expected to continue to improve.