The domestic spot steel market gradually transitioned from the peak season to the low season, and the overall situation is in the down channel. Although the market has rise and fall, the characteristics of strong demand and weakness are slowly forming. The import mine market has been suppressed first and then raised, creating a high price in recent years.

According to the latest market report provided by domestic steel information agencies, the domestic spot steel price composite index closed at 148.56 points in the most recent week, down 0.81% in the week. Among them, the price of construction steel is down, and the average price of mainstream rebar varieties in the main markets of the country is 4,190 yuan per ton, down 37 yuan per week. The price of hot-rolled coils fell, and the average market price of hot-rolled products in mainstream markets in the country was 4019 yuan per ton, down 39 yuan per week. The price of spiral steel pipe fell. The average price of spiral steel pipe in the mainstream market in the country was 3,730 yuan per ton, down 30 yuan per week.

Specifically, the domestic spot steel prices fell as a whole, and the decline in the first half of the week was more obvious. In the second half of the week, as the futures market stopped falling, the decline in the spot market gradually narrowed. The demand for steel downstream industries is mixed. The traditional off-season market characteristics are showing up, and steel prices are unlikely to have a large upside.

There is an upward trend in the consolidation of the iron ore market. According to the latest report of the organization, in the domestic mining market, prices have been consolidating, and some regions have seen a slight increase in quotations. The price of imported ore market was first suppressed and then increased. As of the 16th, the price of imported iron ore at 62% grade was US$98 per ton, up by 2.85 US dollars on a week-on-week basis, a record high in the past five years. Since April, the import volume of imported mines has been significantly lower, while the operating rate of domestic blast furnaces is at a high level, the replenishment of steel mills is relatively enhanced, and the stocks of ore in major ports continue to decline. The bull market is bullish, but high prices also pose high risks.