According to SMM, the plate is volatile and down, the daily ring ratio decreased by 0.39%, closing at 3610, touching the lowest point in the month, spot prices are mostly stable, with some small declines. On the supply side, the operating rate of long-process steel mills continues to decline, but the production of some regional furnaces has improved, and the overall supply is relatively stable. On the demand side, the market atmosphere is cooling in the day, and the terminal is mainly replenishing the warehouse on demand, and the overall transaction is cold.

Looking ahead, the elimination of Shanxi 4.3-meter coke oven is approaching, coupled with the current steel mill raw material inventory is low, short-term cost support is still relatively solid; although the performance of building materials is not good recently, but the steel mill losses have not further deteriorated, the supply reduction space is limited; at present, downstream demand is difficult to see significant improvement, it is expected that steel prices will continue to fluctuate in the range in the near future.