Publicado: Jul 18, 2024 16:44
Today, the steel futures market experienced weak fluctuations, with the main contract closing at 811.5, down 0.92% for the whole day. The overall market trading atmosphere was average today. The transaction prices remained largely the same as yesterday's. This week, there was a divergence in the inventory data of coil and screw steel. The total inventory of hot-rolled coils continued to increase, but the growth rate slowed down slightly. However, due to the impact of the new national standard, the inventory reduction of building materials has accelerated. In addition, after the price of iron ore fell, the steel mills' rigid demand for procurement increased, which provided some support for the ore price. But...

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Today, the steel futures market experienced weak fluctuations, with th - Shanghai Metals Market (SMM)