This week cold rolling market shock adjustment. With the increase of demand after the Spring Festival, 
steel prices will show a significant growth trend.
For the supply side of the iron ore market, the first half of the year is destined to be extraordinary. First, 
extreme weather invaded , and then the epidemic raged around the world, all of which affected the 
supply of iron ore to varying degrees. Driven by the supply side of iron ore in China, the iron ore market 
in the first half of the year showed an obvious upward trend. Iron ore is still facing the situation of high
demand, low inventory and obvious structural contradiction in supply. Basically, it is faced with strong 
support from the spot market and strong performance of ore price.Iron ore rose strongly, and wire rod 
prices rose with it. Specifically, East China went up on the first two days of the week. 
From the perspective of regional price difference, resources in the South and North were relatively tight.
From the perspectiveof supply side, the number of ferrosilicon supply enterprises dropped sharply from
more than 500 at the peak to more than 60. At present, there is a serious shortage. The downward
pressure of the industrial economy and the weak willingness to start new work have led to the overall
demand of the steel market is still weak. The recent market demand is small, and the market turnover 
is low. However, the general operating rate of steel plants is low, the spot resources are few, and the 
price of steel blanks is slightly increased. Therefore, it is expected that the market guidance price will
rise in the next few days.
In terms of PMI of steel industry, it was 48.6% in February, up 4.3% on a month on month basis, 
indicating that the steel market still rebounded under the influence of Spring Festival. The sub index shows that domestic steel demand tends to 
improve after the festival, foreign demand continues to increase, steel production rises significantly, 
social inventory accelerates, raw material prices continue to rise, and steel prices fluctuate upward. It
is expected that in March, the supply and demand of the domestic market will become stronger, the 
speed of going to the warehouse will be obvious, the price of steel will fluctuate upward, and the price
 of iron ore will continue to run at a high level.