Will China hot rolled strip steel market fluctuate in March

In February, China's hot rolled strip steel market rose sharply, with stable operation before the Spring Festival, and prices continued to rise after the Spring Festival. By the end of the month, the average price of 2.75 * 235mm Q235 hot rolled narrow strip steel in 12 major markets was 4858 yuan / ton, up 400 yuan / ton compared with last weekend; the average price of 5.5 * 685mm Q235 hot rolled medium and wide strip steel was 4860 yuan / ton, up 400 yuan / ton compared with last weekend.

From the recent market, China's blast furnace operation rate continues to be high, electric furnace operation rate rises rapidly, and resource supply will continue to grow; this year is the year of completing the first 100 year target, the economy will maintain rapid growth, and infrastructure and real estate investment is expected to grow rapidly; China's steel market is in a situation of booming supply and demand on the whole; after the festival, steel prices rise sharply, and merchants have demand for profit cashing out. In March, the main focus was on digesting inventory. It is expected that the price of China's hot rolled strip steel market will fluctuate and run strongly.