What are the fundamentals of the steel market
Under policy control, the steel market price continued to adjust. On May 27, the Steel Index price was 5,449 yuan/ton, a decrease of 1,205 yuan/ton or 18.1% from the 13th high. In terms of specific varieties, the average price of rebar in the top ten cities was 4,933 yuan/ton, and the higher point fell by 1303 yuan/ton, a decrease of 20.9%; the average price of hot-rolled coils in the top ten cities was 5265 yuan/ton, and the higher point fell by 1,400 yuan. /Ton, a decrease of 21.0%.
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