Supply-demand Pressure Weighs; Brass Billet Operating Rate Continues to Pull Back Slightly
[SMM Brass Billet Flash] This week (7.17-7.23), the SMM weekly operating rate of brass billet enterprises was 49.13%, down 0.48 percentage points WoW. Downstream off-season market conditions made a substantial recovery unlikely, while the tight supply of recycled brass raw materials remained unresolved, keeping industry production under pressure.