[SMM Iron and Steel Morning Meeting Summary: Market Confidence Strengt

Published: Apr 10, 2024 10:00

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[SMM Iron and Steel Morning Meeting Summary: Market Confidence Strengthened, Hot Coil Transactions Soaring] Yesterday, hot coil futures prices ran strong, with a closing price of 3766 yuan per ton in the afternoon, up 1.92%. In terms of the spot market, futures prices rose significantly, market confidence increased, downstream terminals began to replenish inventory to prevent further sharp price increases. The market swept away its pessimistic mindset, with a noticeable increase in bullish sentiment and good transaction volume.

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