Macroscopically, China's manufacturing PMI was 50.2 percent in February, up 0.1 percentage points from the previous month; the construction business activity index was 57.6 percent , up 2.2 percentage points from the previous month, and the positive data boosted market confidence.
Fundamentalmente, com o fim dos Jogos Olímpicos de Inverno, a produção foi liberada, mas a recuperação é limitada. Em março, os canteiros de obras a jusante basicamente retomarão o trabalho, e a demanda por aço aumentará significativamente.
Today's black futures rose strongly, the spot market price was actively following up, the market trading sentiment was positive, and the transaction volume was obviously heavy. It is expected that domestic steel prices will continue to rise in the short term.
