The market for 321 stainless steel coil will gradually recover.

In the short term, the prices of crude oil and other chemical products have dropped significantly, causing a temporary weakening of the entire industrial sector. This has also had an adverse impact on the black commodity market. Over the past two days, coking coal led the decline in the black commodity category, which also put certain pressure on 321 stainless steel coil. Moreover, market expectations for policies are not strong. The impact of the production restrictions in Tangshan is limited. Some institutions even predict that the national iron water production may still increase in the next 1-2 weeks. In the 321 stainless steel coil market, it is difficult to achieve a rebound with external assistance. If the supply reduction is less than expected, the factory and social inventory needs more time to be digested, which greatly reduces the expectation for a rebound. Only with stronger macro policies or as the summer season factors gradually fade away, can the 321 stainless steel coil market gradually improve.