On September 25, according to the price monitoring of SunSirs, the profile prices were running weakly and steadily as a whole.

In terms of cost, billet prices rose 10 RMB today, the steel plant is about to stop production, and manufacturers inventory pressure is less, coupled with production restriction news, the willingness of firms to bid stronger.

In terms of the market, futures prices are holding green shocks today. Due to this, some merchants have also lowered prices. However, due to the successive shutdowns of the downstream construction sites, the demand has also declined. Therefore, the procurement operation is cautious and the steel transactions are in poor condition. In early and mid-September, steel prices fluctuated as a whole and the demand is poor so that the market is fearful of the rising of steel prices recently. The market is full of pessimistic and the businessmen wait and see.

Generally speaking, the supply and demand fundamentals have changed into weak equilibrium at the same time. The manufacturers have a strong willingness to price, but the market mentality is short. It is expected that I-beam prices will be weak and stable in short-term.

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