Publicado: Apr 19, 2024 07:40
[SMM Iron and Steel Morning Post Summary: Market temporarily calms down, can steel prices still rise?】Yesterday, a coking company in Inner Mongolia initiated a second round of price hikes for coke, and the market's bullish sentiment remains. On the demand side, downstream steel mills are gradually increasing their orders and trade speculation demand is good, leading to a clear recovery in demand. On the supply side, due to a significant increase in upstream coal prices, coking plant profits have not significantly improved, leading to only a slight increase in production by coking enterprises. Some coking enterprises cannot see a rise in prices, leading to overall supply tightening. Therefore, with the fundamental improvement situation, short-term coke prices are expected to remain strong.

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[SMM Iron and Steel Morning Post Summary: Market temporarily calms dow - Shanghai Metals Market (SMM)