Summary of SMM Steel Morning Meeting: Short-term Rebar High Position R

Published: Aug 2, 2023 09:03

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Summary of SMM Steel Morning Meeting: Short-term Rebar High Position Retreat Risk is Relatively Large. Rebar fluctuated and closed at 3,862, up 0.34% compared with the previous trading day. Spot market prices were mostly stable. On the supply side, according to SMM research, the amount of building materials maintenance affected this week was 597,600 tons, an increase of 35,700 tons compared with last week, and the supply may be slightly reduced during the week. On the demand side, the impact of extreme weather is still there, and some......

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