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China's steel price has risen slightly steel plate

China's stock steel price has risen slightly, but as the Spring Festival holidays are approaching, the steel market is gradually entering a "pre-festival model" with no market value. The iron ore market is steadily on the rise, and some steel enterprises have strengthened their pre-festival purchases.

In the steel plate market, prices generally go up. Hot-rolled steel coil prices rose slightly. The average market price of hot-rolled steel products of mainstream specifications in major markets in China was 3781 yuan per ton, up 48 yuan per week. The price of medium and heavy steel plate rose slightly. The average price of medium steel plate in the main market of China was 3895 yuan per ton and 34 yuan per week. Pre-festival market transactions are gradually coming to an end. Steel price is mainly stable and are unlikely to fluctuate dramatically.

Relevant institutions analysis that it is only the last trading week to the Spring Festival, the steel market will basically be in a dormant state. Only after the Lantern Festival can the terminal demand of steel market return to normal level.

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