Publicado: Aug 15, 2023 07:35
Summary of SMM Steel Morning Meeting: Profiles Prices Dropped to Previous Low, Merchants' Sentiments Suffered. On the supply side, current building material profits have shrunk, long-process steel mills have shifted to benefit materials, short-process steel mills have been near the break-even line, production enthusiasm is low, and building material output has decreased slightly. On the demand side, the recent weather has improved, the impact of extreme weather has gradually faded, terminal demand has recovered in various places, but the market has gone down, driving profiles prices to fall, market sentiment is cautious, and overall transactions are weak.

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Summary of SMM Steel Morning Meeting: Profiles Prices Dropped to Previ - Shanghai Metals Market (SMM)