The weakness and volatile operation of the steel market continued toda

Published: May 31, 2024 16:45

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The weakness and volatile operation of the steel market continued today. The main contract closed at 865, with a daily decline of 1.7%. The overall market trading atmosphere was quiet today. The transaction price fell by 0-5 yuan/ton compared with the previous day. As of May 31, the total inventory of 35 ports tracked by SMM was 144.55 million tons, an increase of 150,000 tons compared with the previous week and an increase of 20.89 million tons year on year. The average daily discharge of imported ore in ports was 3.039 million tons, an increase of 146,000 tons from the previous week and an increase of 234,000 tons year on year. According to the tracking of SMM, the production of molten iron still showed an increasing trend this week, and the discharge of ports increased significantly, and the total inventory of ports decreased significantly. According to the current blast furnace maintenance plan, there will be an increase in molten iron production next week......

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