SMM Steel Morning News: Steel plant raw material replenishment is basically completed, and market transactions are stagnant approaching the Spring Festival.

The apparent demand for building materials continues to decline sharply, and inventory continues to increase. Considering the recent impact of rain and snow across the country, it is expected that the demand for building materials will continue to decline. Terminal demand is at a low level, and inventory accumulation pressure is increasing. In addition, as the year end approaches, the replenishment of steel plants is basically completed, and short-term ore prices are relatively weak...