Steel market activity on Thursday remained stable with minimal price changes across regions. While rebar and hot-rolled coil futures showed slight intraday rebounds, gains were unsustainable, and prices fell back, indicating weak upward momentum. Market transactions were average.

Currently, the market faces a stalemate with insufficient upward or downward drivers, requiring time to build strength.

  • Spot Market: Expected to remain stable, with a fluctuation range of approximately 10-20 yuan.
  • Futures Market: Anticipated to move between 3280-3330, with 3270 as short-term support and 3340 as short-term resistance.

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