🔹 Market Overview
Today’s steel market is expected to operate in a steady-to-slightly bullish range.

Yesterday, the overall steel market experienced a period of consolidation. Notably, iron ore showed relative strength, and both coke and coking coal stabilized. These factors may contribute to a mildly stronger market tone today.

🔸 Spot Market Outlook
Spot prices are anticipated to rise modestly by ¥10–20.

🔸 Futures Market Outlook
Steel futures are expected to trade within the 3060–3100 range, with:

  • 3060 as key support,
  • 3080 acting as short-term resistance,
  • A successful break above 3080 could open the way toward 3100.

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