Today, the Shanghai and Shenzhen three major indexes closed down. by the close, the Prev index fell 0.16% to 3441.28 points, with a turnover of 400.5 billion yuan; the Shenzhen Composite Index fell 1.58% to 14210.60 points, with a turnover of 475 billion yuan; and the pioneering index fell 2.48% to 3014.81 points, with a turnover of 159 billion yuan. On the market, steel, coal, agriculture and other sectors led the increase, while tourism, novel coronavirus testing, medical beauty and other plates led the decline.

Among them, the iron and steel stock market rose sharply against the market, coal mining, non-ferrous metals, shipbuilding and other sectors also led the gain. by the day's close, the iron and steel industry plate rose 6.24%. Anyang Iron and Steel, Chongqing Iron and Steel, Hainan Mining, Benxi Steel sheet, Taiyuan Iron and Steel stainless Steel, Shaoguan Steel Songshan, Bayi Iron and Steel, Jinling Mining rose by the daily limit, while the other stocks rose sharply, and only one of the 41 iron and steel stocks was slightly green.

Haitong Futures pointed out that after the May Day short holiday, the logic of steel market price operation should gradually return to the fundamentals, and the leading force will be the environmental policy and demand intensity. Supply-side restrictions will remain strong, so high profits will significantly inhibit the stimulation of production release, and the road to production growth will be full of obstacles. On the demand side, although the traditional small peak season has passed, under the background that the weather is getting warmer and the country takes vaccination as the number one task in epidemic prevention and control work to grasp and speed up the construction of a comprehensive immunization Barrier, demand is still expected to continue a steady trend, and foreign demand will remain strong under the background of active inventory replenishment cycle, the process of removing rebar from stock will continue, and steel prices still have a basis for rising. However, if the funds of real estate development enterprises continue to be tight, making the demand significantly weaker, it will significantly weaken the support for steel prices, which is the main risk point.

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