Publicado: Dec 22, 2023 07:45
SMM Iron and Steel Morning Meeting Minutes: Expected hot coil prices to continue narrow fluctuation run. The price of iron powder in the western Liaoning market was slightly reduced by 5-10 yuan/ton this week, with a wet base 66 taste without tax ex-factory price of 940-950 yuan/ton. Leading steel companies are under pressure, with a strong willingness to lower prices and cautious purchasing attitudes towards iron powder. Due to the tight funds of steel mills, the winter storage market is not obvious, leading to a slight weakening of local prices. It is understood that local low-titanium powder prices are relatively strong, and there is a certain demand for material yard blending, with a preference for high-index goods. The market is still in short-term speculation, but considering the recent good performance of the overseas market, it may drive local domestic iron powder prices.

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SMM Iron and Steel Morning Meeting Minutes: Expected hot coil prices t - Shanghai Metals Market (SMM)