Recently, FMG Group, Australia's third largest mine, will continue to offer further discounts on iron ore shipped in May. Among them, 56.4% of the quality superfine powder discounted 7.5% for the contract customers who shipped in May and 6.5% for April. Delivery discount of 58.3% grade mixed powder was 4.5% in May and 3.5% in April. In addition to FMG, production of Rio Tinto and BHP Billiton continued to grow in the first quarter, and Australia's iron ore resources grew more, which will be the main reason for suppressing market prices in the later period, according to Zhu Xian, an iron and steel analyst. Due to the negative impact of macroeconomic data on the market in the first quarter, coupled with the previous week's excessive price inflation, the flat welded flange market was slightly weakened, the decline rate of inventory slowed down, the willingness of flat welded flange merchants to continue to pull up weakened, downstream procurement gradually cautious, under the influence of multiple factors, most domestic steel spot products. Seed prices have fallen slightly. Thread steel price futures fell sharply last Friday, the market mentality was frustrated, this week's spot market will form a certain downward pressure, prices or a small decline. However, it is still the peak season of steel demand, so spot price adjustment will not be too large.