Summary of SMM Steel Morning Meeting: The fundamentals are relatively

Published: Jul 28, 2023 07:40

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Summary of SMM Steel Morning Meeting: The fundamentals are relatively healthy and the tug of war between bulls and bears is intensifying. On the supply side, steel prices are fluctuating at high levels, steel mills have strong production intentions, and the overall supply of building materials is mainly stable. On the demand side, Fujian and other places are affected by typhoons, some projects are temporarily suspended, and the demand for building materials has decreased. The market is fluctuating at a high level, the speculative market is cooling off, and the overall transaction performance is average.

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