Publicado: Jun 20, 2024 16:51
As the off-season approaches and demand decreases, the pressure on the elimination of hot-rolled steel inventory increases. Overall, steel mills are still profitable and their enthusiasm for production remains unchanged. It is estimated that the impact of hot-rolled maintenance next week will be 38,500 tons, a decrease of 90,000 tons from this week, further increasing the supply of hot-rolled steel. However, the traditional off-season is gradually approaching, and downstream demand for hot-rolled steel is weakening. Additionally, the current policy stimulus has a weak impact on the market, and the downward trend in demand has become a consensus in the market.

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As the off-season approaches and demand decreases, the pressure on the - Shanghai Metals Market (SMM)