SMM Steel Morning News: Periodical fluctuations in futures trading; tr

Published: Dec 28, 2023 08:28

Save

SMM Steel Morning News: Periodical fluctuations in futures trading; trading atmosphere is ordinary. On the supply side, according to SMM research this week, the daily average pig iron production of long-process sample steel mills was 2.1105 million tons, a decrease of 58,400 tons compared to the previous period. The operating rate of short-process sample steel mills was 53.15%, a decrease of 1.85 percentage points compared to the previous period, and supply-side pressure is expected to ease. On the demand side, the news was flat during the day, with end-user purchases continuing to follow an as-needed strategy, speculative demand releasing a generally limited amount, and overall trading being ordinary throughout the day.

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

46 mins ago

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

46 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