This week domestic steel market weak adjustment, weak transaction. Last weekend, though, the market continued its rally amid strong expectations and low inventories. But after entering this week, as the state moves to regulate the iron ore market, under its influence, black futures fell, spot trading gradually cold, the overall market price fell. Although some downstream steel rolling enterprises low replenishment situation exists, but the overall trading activity is significantly lower than last week. Therefore, in this situation, steel prices in various regions have shown varying degrees of decline. The current state regulation of iron ore market influence still exists, short-term black futures can hardly be optimistic, cautious trading pattern of the market is more obvious. From the fundamentals of billet itself, next week’s Winter Olympics production restrictions will gradually relax, both ends of supply and demand will gradually recover, to bring some vitality to the market, coupled with the current steel inventory level stop rising down, the market circulation resources are limited, continue to play a favorable support for the steel market. Of course, considering that the finished products and steel inventory of downstream enterprises are higher than the level of last year, under the background of low steel price difference, the enthusiasm of later resumption of production and procurement remains to be observed. Therefore, it is expected that the short-term steel market presents a narrow shock adjustment trend.