Hello everyone,Today is SEP 07th ,
I will give our personal opinion on the price of steel forecast this week.
We forecast that steel prices as a whole will be stable this week,Russia cut off gas supplies to Europe over the weekend.
That will keep oil and coal prices high.And the coal is the raw material of steel which will lead to the high price of steel.
On the other hand china’s steel mills are increasing the steel quantity again now.The supply of steel is slightly greater than
the demand,so the price of steel will be stable this week.