Publicado: Mar 13, 2024 07:45
SMM Steel Morning News Summary: Market Oversold Rebound, Can Steel Prices Stabilize? The trading atmosphere in the Tangshan iron powder market is tepid, with external futures remaining weak. The conclusion of the "two sessions" did not release any significant positive news. Based on this, most traders in the Tangshan area are bearish on the future market, and are waiting for prices to drop to their lowest before making purchases. Currently, the main attitude is to wait and see. There is a divergence in the mindset of mining companies, with local independent mines currently selling actively. Overall, the local supply is tightening. Steel mills are still eager to push prices down, and their inventories are high. However, considering the obvious buyer's market at present, it is expected that local iron powder prices will continue to show a weak and volatile trend.

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SMM Steel Morning News Summary: Market Oversold Rebound, Can Steel Pri - Shanghai Metals Market (SMM)