"SMM Steel Morning Meeting Minutes: Steel mill costs provide stable su

Published: Nov 28, 2023 07:35

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"SMM Steel Morning Meeting Minutes: Steel mill costs provide stable support, supply is still expected to increase. SMM shipping data shows a global shipping volume of 33.52 million tons, an increase of 8.7% month-on-month, mainly from an increase in shipments from Brazil. The total amount arrived at the port is 25.6211 million tons, an increase of 13.45% month-on-month. There is a certain expectation of growth in both near-term and long-term supply, which weakens the support for ore prices. The news is relatively calm, with narrow fluctuations in the iron plate, and the focus in the later period is mainly on macro news and..."

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