🔹 Market Overview

Yesterday, coking coal traded sideways, iron ore moved lower, and finished steel products remained stable with a slight bearish bias. In the near term, the market is expected to stay in a range-bound consolidation phase, with a low probability of sharp declines in the coming days.

🔹 Short-Term Ranges

Projected sideways trading ranges:

  • Rebar (RB Futures): 3,160 – 3,240 CNY/ton
  • Hot Rolled Coil (HRC): 3,380 – 3,450 CNY/ton
  • Iron Ore: 770 – 790 CNY/ton

🔸 Strategy Outlook

Maintain a range-trading approach: Sell near the upper band and buy near the lower band until a breakout occurs. Avoid aggressive trend positioning until fundamental drivers shift.