iconJul 4, 2024 16:48
Source:SMM
Today, the steel market continued to trade in a bullish volatile manner. The main contract closed at 864.5, with a daily increase of 1.77%. Traders followed the market trend to make shipments, while steel mills mainly purchased based on their needs. The overall market trading atmosphere today was moderate. Transaction prices remained stable compared to yesterday's prices. Today, judging from the demand for SMM building materials and hot-rolled steel sheets, as well as inventory data, the demand showed a slight decline, while the inventory increased slightly. This is a normal performance during the industry's off-season, in line with market expectations, and has little impact on prices. Currently, market focus is still on...

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