[SMM Steel Morning Meeting Summary: Is the turning point of pig iron p

Published: May 20, 2024 07:55

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[SMM Steel Morning Meeting Summary: Is the turning point of pig iron production approaching? The risk of steel price correction is arising again] In terms of demand, the spot transaction atmosphere last week was moderate, market confidence has increased, and downstream terminal purchasing willingness was acceptable; in terms of supply, hot-rolled steel supply increased slightly last week; in terms of macro news, the Ministry of Finance announced the issuance arrangement of general treasury bonds and ultra-long-term special treasury bonds last week, and from May 18th, the interest rate of individual housing provident fund loans will be reduced by 0.25%...

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