【SMM Steel Market Morning News: Expert: Measures such as reserve requi

Published: Dec 13, 2023 07:40

Save

【SMM Steel Market Morning News: Expert: Measures such as reserve requirement ratio cut and interest rate reduction may be implemented in a timely manner】On December 12th, the Central Political Bureau of the Communist Party of China stated at a meeting on December 8th that the prudent monetary policy should be flexible, appropriate, and effective. Experts indicate that this means the monetary policy will focus more on the accuracy and effectiveness of policy implementation while maintaining a prudent approach. Given the current economic situation, there is a possibility and necessity for timely implementation of measures such as reserve requirement ratio cut and interest rate reduction, and structural monetary policy tools are expected to continue playing a positive role.

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

53 mins ago

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

53 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