"SMM Morning Steel Meeting Summary: The market continues to strengthen

Published: Oct 31, 2023 07:35

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"SMM Morning Steel Meeting Summary: The market continues to strengthen, spot market volume and price rise together. According to SMM shipping data, global shipments last week decreased 11.7% year-on-year to 28.04 million tons. Among them, Australia decreased 27.9% year-on-year. With the recent decline in the proportion of shipments from Australia and Brazil to China, coupled with the impact of weather on the efficiency of unloading at some ports, the port pressure is serious..."

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