Publicado: Aug 2, 2024 07:30
【Summary of SMM Steel Morning Meeting: Futures Open High and Close Low, Market Trading Atmosphere Remains Cautious】The trading atmosphere in the domestic ore market in western Liaoning is relatively stalemated. Some local mine selectors have been affected by safety inspections and heavy rain weather, resulting in obstructed production and tight local iron powder resources, prompting the mine selectors to maintain relatively firm price demands. At present, local steel plants are mainly engaged in normal production, but they are under profit pressure and have a strong willingness to lower prices. However, considering the local supply shortage coupled with the rebound in iron ore futures, it may drive the domestic iron ore market, and it is expected that local iron concentrate prices may have some room for modest increases...

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