From the beginning of this year to the end of March, Shandong steel prices experienced a wave of sharp declines, which led directly to the changes in the views of most of the market's traders on the market this year. The number of bearish merchants increased. The mentality directly led to the phenomenon of the current market price low consolidation, market momentum after a wave of major decline will inevitably take some time to accumulate in order to reply.
Then there was the disturbance of international factors. On March 22, 2018, the Trump administration announced that it “collects a US$50 billion tariff on Chinese goods due to intellectual property infringement and imposes investment restrictions”. Since then, both China and the United States have come and gone. The latest, on April 5, 2018, US President Trump asked the U.S. Trade Representative Office to impose an additional tariff on the 100 billion U.S. dollars of Chinese imports based on the "301 investigation." These international factors are also uncertain factors that affect market prices.
Since April, the market has experienced several waves of upswing, but soon it has died down under various factors. However, this illustrates a problem that shows that the market is recovering, and with the sharp reduction of steel stocks and market inventories, The pre-market low-cost resources have basically been exhausted. The steel mills have actively increased their upward movements. Business inventories have remained at a low level. Then, with the full release of market demand, the market price may usher in a long period of relatively long absence. The time went up.