【SMM Hot Rolling Daily Review: Market Sentiment Disturbed by News, Tod

Published: Nov 21, 2023 18:06

Save

【SMM Hot Rolling Daily Review: Market Sentiment Disturbed by News, Today's Market Trading Turns Weaker】

Today, the afternoon offer in the Shanghai market plunged to around 3960-3970, with overall transaction still acceptable. The closing offer in Lecong market was 4000-4010, and the overall transaction was average, with better transaction in the morning and weak transaction in the afternoon, with some traders waiting for the cold transaction in the afternoon. Today's northern market transactions were weaker, with Shenyang market transactions deviating, traders having a strong willingness to support the price, and end-users mainly making purchases on demand. The transactions in Tangshan market were average, with good transactions in the morning and a noticeable weakening in the afternoon, and heavy end-user wait-and-see sentiment.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

47 mins ago

Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]

47 mins ago

1 hour ago

[ Canada to Impose 50% Retaliatory Tariff on US Steel ]

The Canadian government announced a 50% retaliatory tariff on United States exports of steel and aluminum, scheduled to take effect on September 8, 2026. The aggressive trade measure directly responds to the recent collapse of bilateral metal trade negotiations and the implementation of US tariffs. The cross-border penalties threaten to heavily disrupt integrated North American steel supply chains ahead of the fast-approaching deadline.

1 hour ago

[ Bharat Coking Coal Output Grows 2.8% in August ]

Bharat Coking Coal Limited (BCCL) announced that its coking coal production increased by 2.8% year-on-year to 2.18 million tonnes in August 2026. Despite a sharp 65.9% drop in non-coking coal output, the core metallurgical segment drove total raw coal production to 2.21 million tonnes for the month. Opencast mining operations were the primary contributors to this volume, generating 2.19 million tonnes of the total yield.

1 hour ago