The conduction effect of the sharp shrinkage of the property market turnover after the introduction of the control policy is increasingly apparent in the steel market. Last week, steel prices continued to show a downward trend, panic selling intensified. According to the new data released by a large-scale steel website, the prices of various steel products increased and weakened last week. The composite index of "my steel" steel price was 160.7 points, down 3.8% from the previous week. Among them, rebar, wire rod and other construction steel market prices fell unexpectedly. The market in Beijing and Wuhan fell sharply. The price of rebar fell by about 300 yuan / ton in a week, while the rest of the market also fell by 100-200 yuan / ton.

It is estimated that the steel price, which has been rising all the way since the beginning of this year, has entered the "turn down" market. By the end of March, the ton price of main steel varieties has dropped by several hundred yuan, which is mainly caused by the market's concern about the uncertainty of demand.