🔹 Key Takeaway:
The steel futures market continues to trade within a narrow range. With reduced tariff headwinds, no visible supply-demand imbalance, and delayed domestic stimulus, the market remains in a low-energy state, offering little opportunity for trend-driven trading.

🔸 Macro Sentiment:
The market is eyeing potential signals from the upcoming Politburo meeting expected in late April (typically in the final week).
Some are hoping for a surprise policy shift like the one seen on Sept 24 and 26 last year — but in our view, the likelihood of such a dramatic pivot is quite low.

With no clear drivers in play, it’s wise to remain cautious and adopt a wait-and-see approach.

🔹 Trading Strategy:
1️⃣ If prices fluctuate between 3100–3200: Stay on the sidelines; no trades recommended.
2️⃣ If prices break above 3200: Consider initiating left-side short positions.
3️⃣ If prices drop below 3090: Look for right-side short entry points.

⚠️ Special Note:
The current market environment lacks momentum. Wait for stronger policy or economic signals before committing capital. Patience is strategy.

📌 Daily insights provided by LangZo Steel. For reprints, please credit LangZo Steel.