SMM Daily: Steel market transactions are not good, overall weak demand for coking coal

From the supply side, the resumption of coal mines has been basically completed, and production has gradually increased. However, due to heavy snowfall in Shanxi and Hebei regions recently, transportation has been affected, which has inhibited the recovery of production overall. Therefore, the overall recovery of coking coal supply is not as good as expected. Looking at the demand side, downstream coking steel companies have poor profitability, low production enthusiasm, and there is still an expectation of a fourth round of price reductions for coking coal. Demand from downstream coking enterprises is weak. In the short term, the coking coal market will continue to operate in a weak and stable manner.