From Monday to Tuesday (April 8-9), domestic steel market prices saw slight declines in special steel bars, while other varieties experienced mainstream increases.

Futures gains boosted market confidence, leading to improved transactions. It is anticipated that in the latter half of the week, ordinary steel prices will generally increase by 10-30 yuan per ton, while special steel bars and industrial wire rods in the domestic market will rise slightly by 30-50 yuan per ton.

Prices in the domestic stainless steel market are expected to remain stable with a slight increase in 304, a moderate increase in 201, and a slightly weak trend in 430.

Bullish factors include: a) Market transactions have improved; b) Futures prices continue to rise; c) Molybdenum iron prices have rebounded significantly.

Bearish factors include: Post-holiday price increases have been significant, leading to some end-users adopting a wait-and-see attitude.