
Currently, the short-term market is entering a slight rebound phase after overselling. The extent of the rebound largely depends on the domestic and international market environments. With the Federal Reserve's interest rate hike in the US coming to an end, efforts to support the domestic economy, the expansion of the third round of real estate financing, and steel mills reducing production once again, the market bulls are combining stop-loss orders with the bears' profit-taking. This has collectively driven the spot market to stabilize after a decline and experience localized rebounds. Under the influence of the rising futures market, prices of hot-rolled steel and construction materials have individually increased, but due to the impact, resource distribution, construction site activities, market transactions, and market fluctuations in the region are all significantly suppressed, making the upward trend face pressure. Q355B seamless steel tube suppliers are showing a strong mood of hesitation.






