On July 30, prices in the domestic steel market fell weakly, and Tangshan Qiananpu billets fell by 10 reports of 2,930 yuan/ton, including tax. Black futures fell collectively. Most merchant prices were downgraded. End users purchased as needed, wait-and-see sentiment was strong, and full-day transactions declined compared to the previous trading day. On July 30, the main contract for rebar futures closed at 3014 yuan/ton, down 1.73% from the previous trading day. DIF and DEA were both downward. The RSI three-tier index was at 14-35, running below the lower Bollinger band, and entered the oversold region. According to Mysteel research, the five major types of steel produced this week were 8.183 million tons, a decrease of 191,300 tons from week to week. Among them, the production of rebar, wire, hot-rolled coils, medium and heavy plates decreased, and the production of cold-rolled coils increased.

On July 30, prices in the domestic steel market fell weakly, and Tangshan Qiananpu billets fell by 10 reports of 2,930 yuan/ton, including tax. Black futures fell collectively. Most merchant prices were downgraded. End users purchased as needed, wait-and-see sentiment was strong, and full-day transactions declined compared to the previous trading day. On July 30, the main contract for rebar futures closed at 3014 yuan/ton, down 1.73% from the previous trading day. DIF and DEA were both downward. The RSI three-tier index was at 14-35, running below the lower Bollinger band, and entered the oversold region. According to Mysteel research, the five major types of steel produced this week were 8.183 million tons, a decrease of 191,300 tons from week to week. Among them, the production of rebar, wire, hot-rolled coils, medium and heavy plates decreased, and the production of cold-rolled coils increased.