SMM Steel Morning meeting minutes: Rebar oscillates, spot transaction weak

Iron ore: Yesterday, the narrow range oscillation of the continuous iron contract continued, with the main contract I2405 closing price at 948.5, with a daily increase of 2.43%...

Coke: Overall, the scope of coke enterprise production restrictions has further expanded, coke production has decreased, but steel mill demand has decreased, leading to a reduction in coke daily consumption. The rigid demand for coke continues to be under pressure, and steel mills still have the intention to reduce prices for the third round. In the short term, the coke market...

Rebar: With the approach of the Spring Festival, the potential for a small recovery in steel demand may be limited, and the accumulation of fundamental contradictions continues. It is expected that the short-term steel prices...

Hot-rolled coil: Overall, the fundamental contradictions of hot-rolled coil are accumulating, but the release of temporary demand has delayed the accumulation process, and there are no significant internal contradictions. Coupled with support from the raw materials end, it is expected that the short-term hot-rolled coil prices will...