According to the market report provided by the well-known domestic copper strip spot trading platform 'Nishimoto Shinkansen', the 'good' steel market from the 'energy saving and emission reduction sprint' in September has clearly come to an end.

Although domestic copper belt production has declined, some steel mills are showing signs of resuming production, and North cargoes are also moving south. Supply pressure in the East China market may rise in the later period, and the 'push-up' efforts of leading steel mills are also weakening. In October, construction steel prices are facing some callback pressure.

According to monitoring, the trend of construction steel prices in Shanghai in September can be described as 'ups and downs', which is quite spectacular. In early September, under the influence of the 'energy saving and emission reduction sprint', the ton price of construction steel rushed from 4,000 yuan to 4,400 yuan in less than 10 days, an increase of 10%, hitting a new high level in the year. However, due to the lack of sustained favorable support, and the short-term 'floating profit' is too large, it is difficult to follow up in time.

The 'high level' only turned around for Fullway Technology Co., Ltd.and then turned down, and fell back to the price of 4260 yuan in 10 days, a decline Reached 3.18%. Subsequently, the Shanghai construction steel price fluctuated within a narrow range of 4250 to 4300 yuan, and it was difficult to see a clear breakthrough in the rise and fall.