Telah Terbit: Aug 11, 2023 07:30
Yesterday, the apparent demand for building materials was still weak, with a slight narrowing on a month-on-month basis. However, the recent resumption of production by steel mills has led to an increase in supply and further accumulation of inventories. Combined with the impact of the reduction policy for crude steel, steel mills continue to implement a low inventory strategy, iron ore demand has weakened, spot transactions are relatively low, and short-term continuation of weak shocks······

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Yesterday, the apparent demand for building materials was still weak, - Shanghai Metals Market (SMM)