After the Spring Festival, China's steel prices have fallen in an all-round way. According to the analysis, after the Spring Festival, the steel market presents three stages of operation. The first stage is from the end of the Spring Festival to the end of February. After the fall after the panic, the confidence of the market in stages recovers, and the steel prices of some regions and some varieties that fell sharply in the early stage rebound.
The second stage is from late February to mid March. The downstream industry is gradually back to work, but the steel demand is still lower than the supply. The inventory growth and high inventory are relatively long, and the steel market price may fall further. The third stage is after late March, the steel demand is obviously started, and the steel price stabilizes. With the recovery of demand in the second quarter, the steel market will show a recovery rise.
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