With the arrival of winter, construction activities in northern China, impacted by seasonal factors, entered a slow period, leading to a significant decrease in demand. Although the production of molten iron has gradually decreased, the steel market continues to face downward pressure due to falling coke prices.

However, the relatively low inventory levels of steel have temporarily lessened the pressure caused by weaker demand. Steel traders have also adjusted their stockpiling strategies, now favoring a low inventory to reduce risks.

This shift reflects the cautious market outlook on future steel price trends, with traders adjusting inventory levels based on immediate demand.