Ferrous metal prices declined from a high level last week. In terms of news, the Central Economic Work Conference was held in Beijing from December 11 to 12. The meeting required that next year people must persist in seeking progress while maintaining stability, promoting stability through promotion, and establishing before breaking. In the second half of last week, domestic macro data for November, new social finance and RMB loans and other data were released. The growth rate of real estate development investment continued to slow down. the overall impact on steel futures market and market sentiment was neutral. In spot market, steel prices fell after a surge last week. In addition, snowy weather frequently occurred in north Chin. Therefore, trading sentiment cooled down.
Looking at the future, there were currently no positive macro expectations. Therefore, steel prices may move sideways.
![Les prix du magnésium augmentent pour la troisième séance consécutive ! Le côté coûts reste « brûlant » tandis que la demande peine à prendre le relais [Commentaire SMM]](https://imgqn.smm.cn/usercenter/EutUV20251217171724.jpeg)
![[ Le Canada imposera des droits de douane de rétorsion de 50 % sur l’acier américain ]](https://imgqn.smm.cn/usercenter/QMaot20251217171719.jpg)
