In the past week, the domestic steel spot market prices have continued to fall. "The cold wind in the steel market still has no signs of stopping." The downstream steel orders are obviously insufficient, and it is difficult to provide effective demand support for the spot steel market. People in the market report that on the one hand, the transaction is not smooth; on the other hand, the new resources of all localities come from the source, the market inventory of steel has reached a high level, and the market sales pressure is huge. At present, a considerable part of the steel traders' mentality is getting worse and worse. The price cuts stimulate the shipments more and more, which will inevitably lead to the continuous decline of steel prices. In the sheet, the decline in hot rolled products and cold rolled products is more obvious. In the Chongqing market, where the price of hot rolling fell, demand continued to be weak, and local steel traders had to continue to cut prices to promote transactions. However, terminal demand is still in a downturn, resources in the market lack liquidity, and some businesses show a "no help" mentality. The cold rolling market is also the same, the demand is sluggish, the merchant can only choose "destocking operation", but the transaction is still general. Originally, the cold-rolled inventory has been in a relatively high position. In addition, the newly-delivered resources of the steel mills continue to enter the market. The pressure on the shipments of the merchants is getting heavier and heavier, and they can only continue to drop prices and sell quickly. Construction steel prices are also falling, and in some areas of the market, people have felt a little panic. At the same time as the spot price fell, the domestic rebar futures prices also oscillated at a low level, indicating that the market is not optimistic about the market outlook. In the Changsha market, the decline in construction steel prices is more obvious. Some merchants have reported that the delay in the construction of downstream construction sites is more common, and the purchase of building materials has decreased accordingly. Industry analyst Luo Baihui believes that the domestic steel market needs to be vigilant that it must not fall into the strange circle of price promotion and the market has no response. At present, the stocks are rising, the capital pressure is high, and the steel market gradually forms a situation of competing prices. However, the downstream demand is not "respecting", and the response is insufficient. The expected stimulus effect is not satisfactory. If you still blindly "simplify" the operation, you can only gradually enter the vicious circle. The current market situation has actually been reversed. The domestic steel sales and distribution structure and functions need to be adjusted vigorously, reorganizing the industrial chain, tapping new profit margins, and exploiting the market with the concept of modern "material supply".

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