SMM Steel Morning Meeting Minutes: Negative feedback on raw materials, finished product prices continue to decline

According to SMM research, the sample electric furnace factories of 50 major construction material producers in China had a 42.20% operating rate, a decrease of 2.08 percentage points month-on-month; the capacity utilization rate was 41.99%, a decrease of 1.35 percentage points month-on-month. Short-process steel mills are facing difficulties in increasing production in the short term due to losses and shipment pressures. Furthermore, the number of maintenance shutdowns at long-process steel mills has recently increased...