Publicado: Feb 20, 2024 17:14
【SMM Commentary: Iron ore falls more than 5%, rebar and hot-rolled coil "both fall for the second consecutive time", why did the black sector collectively slump?】According to SMM, most downstream construction sites have not resumed work, and the market's pessimistic expectations for the off-season demand for steel terminal products, slow increase in iron production, and the lack of significant improvement in steel mill profits have all contributed to the overall decline of the black sector in the first two trading days of the Dragon Year. Among them, main futures such as iron ore, rebar, and hot-rolled coil not only experienced a "green light" but also saw "two consecutive falls"! As of the closing of the daytime market on February 20, the main contract for iron ore was reported at 909.5 yuan/ton, a decrease of 5.41%...

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