The China Iron and Steel Industry Association released the August stee

Published: Oct 9, 2023 10:50

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The China Iron and Steel Industry Association released the August steel product import and export monthly report on October 8th, entering the "Golden Nine and Silver Ten" period. Domestic steel demand showed a seasonal rebound, while under the influence of macro-control policies, domestic steel supply showed a month-on-month or downward trend. The domestic steel supply and demand situation in the fourth quarter will be improved. In recent days, domestic steel prices have been relatively stable, overseas steel prices have declined, the price difference between domestic and overseas has narrowed, steel mills have no strong willingness to reduce prices for export, export quotations are relatively strong, and enterprises have reported a decrease in export orders in recent days. It is expected that steel exports will decrease in the short term and imports will remain at a low level.

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