Telah Terbit: Apr 28, 2024 07:35
【SMM Steel Morning Meeting Summary: The Third Round of Price Increase for Coke Has Taken Effect, and Steel Mills' Profits Have Further Narrowed】This week, coke prices have increased twice, with a cumulative increase of 200-220 yuan/ton, and the market sentiment is strongly bullish. On the supply side, due to the similarly strong performance of upstream coal prices, although the profits of coking enterprises have improved after the two rounds of price hikes for coke, their profitability is still poor, and their willingness to increase production is low. Therefore, the overall supply of coke is tight.

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