Looking back on last week's API 5L X42 PSL1 steel market, it showed a weak trend of shock. The steel price index fell, of which medium plate and hot rolling fell by 15 and 31 points respectively; in terms of raw materials and fuels, the dollar index of iron ore fell by 6.65 points, the scrap price index remained stable, and the coke price index increased by 42 points.
Looking ahead to this week's API 5L X42 PSL1 steel market, it is expected to show a weak oscillation trend. The main reasons are: first, the basic situation of API 5L X42 PSL1 steel is expected to continue to improve, and environmental protection and production restriction will be implemented in some regions, gradually laying a solid foundation for enhancing market confidence; second, although domestic macroeconomic indicators are good, there are signs of weakening, and the overseas epidemic situation is aggravating or hedging domestic profits to a certain extent; third, the price of raw materials and fuels will still be strong or even rising, moderately supporting the cost of API 5L X42 PSL1 steel.
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