With the formal end of the people's congress and the political consultative conference, the steel market spot price this week overall stable, inventory continued to fall, although the inventory showed a clear downward trend, but steel prices have risen steadily.Steel production in january-february was up 10 percent from a year earlier, but the supply side is still under pressure.In general, the first half of march, steel prices have been high in the high price operation, and frequent price fluctuations."Peak Season" did not appear the volume of a large increase, looking forward to the second half of the month can have a rise.The supply side and the demand side are in a tug of war.At present the steel price is in the weak situation, the price rises lacks the power, the price falls again has the sufficient reason;Price is not clear, however, the end of the meeting is expected to accelerate the release of buyer demand, steel prices in the second half of march still have the opportunity to rise.

      Scrap steel market: domestic steel prices have risen, scrap market confidence has been boosted, spot prices have stabilized,The purchase prices of scrap steel in north and central China, which had declined obviously in the early stage, showed signs of warming.Some steel enterprises have increased their purchases by a small margin, which has brought the scrap market back to stability as a whole. Demand for scrap steel continues to release; moreover, scrap traders are reluctant to continue to sell at reduced prices, and delivery rhythm is slowing down.

      On the evening of March 19, vale announced that operations at the Brucutui mine were about to resume, and the lifting of a one-week ban on the Guaibat iron ore terminal sparked fears of a large supply back-up, with iron ore prices plunging 5% on Wednesday.Recently, the price of iron ore has become the biggest risk in the market. The more it rises, the more it falls. According to statistics, on March 20, over 1.2 billion yuan of funds flowed out of iron ore.Iron ore prices plummeted, the rhythm of the market was disrupted, rebar and hot coil passively followed the decline, fortunately, the extent of decline is not large, the range of consolidation shock trend is still not broken.