The recent market performance is mainly driven by positive news from several sources. Sino-US trade negotiations are favorable, futures are soaring, and Vale’s production cuts. The global iron ore supply is reduced, supporting the high level of iron ore, and the raw material support is strong. The factory did not show weakness, and the continuous rise helped the steel price to rebound continuously, the spot speculation enthusiasm was high, and the external market resources rose. In addition, the Silver IV market started. As the weather turns warmer, outdoor construction gradually enters the peak season, and steel demand will gradually improve. In addition, the approved investment projects are starting to start one after another. It is expected that the scale of newly started investment projects this year, especially infrastructure investment projects, will exceed that of last year, which will trigger an increase in steel purchases. This also confirms the strong volatility of steel prices in the short term as judged last time. Mainly upstream. In the short term, prices are still on the high side. Due to the issue of environmental protection efforts, it is understood that environmental protection efforts have been relaxed, but the demand is greater than expected, and the downward price adjustment cycle is expected to be postponed. It is expected that there will be a small margin between the end of April and the beginning of May. Adjustment, the specific adjustment intensity depends on the inventory data in the middle of the year. The data status at that time will be reflected in the first time to determine the price trend. As for when the price enters the downward channel, this year's market needs to be adjusted in real time.