Steel Futures Surge 1.05% on Macro Optimism, Boosting Market De-stocking Momentum

Published: Sep 27, 2024 07:31

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SMM Steel Morning Meeting Summary: Macroscopically Beneficial News Accelerates Market De-stocking Suddenly" Stimulated by macroscopically beneficial news, the afternoon session of steel futures experienced a volatile increase, closing at 3281, up 1.05% from the previous trading day. The willingness of end-users to purchase increased, traders were strongly inclined to hold prices and push for higher prices, and overall trading performance was decent...

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