Steel stocks pulled up,China Oriental GroupA sharp rise of 13.26% led the way,Chongqing Iron & SteelIt also followed with a surge of more than 12%. Black futures were flourishing collectively at the beginning of the market.

According to financial data, the main contract for rebar futures once rose by more than 5%, but now it is 4.8% to 4,886 yuan/ton, a new high of more than nine and a half years, and close to a record high; the main contract for hot roll futures has risen by more than 4%, and the main contract for wire futures has risen by more than 2%.

According to the Futures Daily, the recent demand for steel is clearly better than in previous years. In the short term, this year's local New Year policy allows construction to continue during the Spring Festival in many regions. A faster increase in operating rates than in previous years will advance steel demand, and earlier and stronger peak season factors will further support the rise in rebar. Looking at the medium to long term, infrastructure, which is the primary driver of economic growth, will drive overall steel demand.