According to data from the China Iron and Steel Association, on April 14th, the social inventory of steel in major markets across the country reached 136300 tons. Compared with the end of February, the stock fell by 16 million tons in early March, which is also higher than the previous year's 9.47 million tons.

The upward trend in steel production and inventory has led to a shift in domestic steel prices from a rise in March to a decline. Divided by region, the decline in eastern China is relatively large, with a decrease of 4.71%; The steel price in the southwest region has experienced a relatively small decline, with a decrease of 0.84% compared to 2; The Northeast, North China, South China, and Northwest regions have decreased by 3%, 70%, 4.58%, 3.3%, and 94%, respectively.

Entering mid April, steel prices continue to show a downward trend. The research report points out that due to the decline in futures prices and the increase in inventory after the Qingming Festival, most companies tend to have pessimistic psychological expectations and sell a large amount of goods at low prices, with weekly declines exceeding $300 in some areas.

After analysis by reporters, the steel market has warmed up in the first few months, and steel companies have increased their production capacity. However, factors such as the cooling of the real estate market have had a significant impact on the correction of iron ore prices, which raises questions about steel prices in the market.

The reporter noticed that in March, the prices of major raw materials and fuels showed a downward trend. From the month on month situation, domestic iron ore prices have risen by 11 yuan/ton, an increase of. 53%; The price of imported iron ore has decreased by 10. US $52/ton, and 11. 65%; The price of metallurgical coke increased by 100 yuan/ton, a year-on-year increase of 5.83%; The price of scrap steel is 112 yuan/ton, a decrease of 0.18%; Coking coal fell by 55 yuan/ton, a decrease of 0.75%.