At present, the power transformer market is showing a situation of "supply exceeding demand". It is expected that the domestic scrap steel market may continue to decline in the near future. The raw material import ore market rose slightly this week, the price of coke was generally weak and stable, and the downstream market has not improved, and there is insufficient support for the pig iron market. The steel-making pig iron market is still sluggish. Due to the lack of improvement in the downstream steel market, some steel mills strictly controlled procurement, which caused some shutdown iron plants to postpone their plans to resume work. The quotation of the foundry pig iron market is relatively chaotic, but the overall trend is still dominated by weakness. The transactions in the southern and northern regions are different, and most iron plants are still in a state of loss. Comprehensive consideration, the possibility of a weak downtrend in some areas of power transformers is greater, and quotations in some areas may stabilize. The market in North China has not changed much. The procurement policy of steel companies in North China has not been significantly adjusted. However, with the decline in steel prices, individual steel mills intend to lower their iron ore procurement prices, but they are concerned about issues such as reduced supply and maintain a stable procurement policy. The market in the Northeast region remained stable. In the early stage, individual local steel companies slightly lowered their iron ore purchase prices to the local market price. However, as the price of imported ore continued to rise, the willingness of ore dressers in western Liaoning and Liaodong to keep prices increased. The market in East China is stable, and the shipments of local large mining companies are relatively smooth, but it is difficult to pay back. 45# cold-drawn square steel is enthusiastic for shipment.