Although the “epidemic” still occurred in many parts of the country this week, with the implementation of the national policy to ensure the smooth flow of logistics and transportation, especially in Shanghai and other economically developed areas, the epidemic situation continues to improve, and the epidemic prevention work is under orderly management, which has significantly improved the situation of blocked transportation and gradually increased the resumption of work and production.

Although the “epidemic” still occurred in many parts of the country this week, with the implementation of the national policy to ensure the smooth flow of logistics and transportation, especially in Shanghai and other economically developed areas, the epidemic situation continues to improve, and the epidemic prevention work is under orderly management, which has significantly improved the situation of blocked transportation and gradually increased the resumption of work and production. In terms of supply, the production of blast furnaces of some steel enterprises may be reduced due to the blocked transportation, the import and export of raw fuel and products, especially tangshan and Handan due to the containment of the epidemic. With the increase of the price of raw fuel, the profit of regional steel enterprises decreases, the loss increases, the production line stops production, the production time increases, the power of the long process increases; Short process production in South China was affected by the epidemic and increased losses, and the production level could not be improved. Main steel output or basically keep stable. Major varieties of social inventory, total inventory or decline to expand. Overall, demand is expected to continue to improve at the margin this week, but it will take some time for a significant improvement. On the whole, the fundamentals of the market are not ready for collapse. At present, market sentiment has changed and patience has worn down in the long process of demand repair. Separately, Federal Reserve Chairman Jerome Powell indicated on April 22 Beijing time that the Fed may raise interest rates by half a percentage point at its May meeting, and said a similar amount may be needed later to lower inflation. The Federal Reserve into a radical rate hike cycle, the formation of a certain negative impact on the market. In the short term, controlling the epidemic and stabilizing the economy are still the focus of the current government. More policies will be introduced and implemented in the future, and market prices will continue to fluctuate. Expected short – term steel price shock adjustment operation mainly.