SMM Steel Morning News: Macro expectations guide market sentiment, sho

Published: Dec 11, 2023 07:40

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SMM Steel Morning News: Macro expectations guide market sentiment, short-term steel prices continue to fluctuate at high levels. This week, the fundamentals of iron ore have not changed much, but as the time for important meetings approaches, the market's expectations for macro policies are biased towards being strong. In addition, the demand for finished materials is still good, inventory pressure has not yet formed, and the improved profitability of steel mills provides some support for ore prices. It is expected that ore prices may continue to fluctuate widely next week...

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