Publicado: Feb 29, 2024 13:55
The enthusiasm for downstream terminal purchases is generally moderate, and it is feared that it will be difficult to reduce hot-rolled coil inventory smoothly. From the perspective of inventory, as the main hot-rolled coil trading center in northern China, Tangshan's hot-rolled coil inventory is significantly higher than last year, and hot-rolled coil prices continue to be under pressure. Also, due to the lack of market confidence, the resumption of work and production after the Spring Festival did not exceed market expectations, but rather there is a possibility of being falsified. The enthusiasm for downstream terminal purchases is moderate, and combined with the expectation of concentrated resumption of production by steel mills, it is feared that hot-rolled coil inventory in areas such as Tangshan, Shenyang, and Boxing may be difficult to reduce smoothly.

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