SMM Steel Morning News Summary: It is expected that the short-term price of coke will remain weak. The dominant mine in Shandong region reported a decrease of 83 yuan per ton in pre-tax acceptance of 64-grade alkali powder dry base, and steel mills have also lowered their prices accordingly. The mine companies are still in normal production, but there is increased pressure on shipments, leading to a buildup of mine inventory. Currently, steel mills are facing difficulties in shipping finished products, leading to proactive production control plans. They are mainly relying on on-demand purchasing. With the fluctuation of imported ore, it is expected that the local market will still have some downward space this week.
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