Today, the steel futures market continued its recovery, with the main

Published: Jul 11, 2024 17:00

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Today, the steel futures market continued its recovery, with the main contract closing at 828, representing a daily increase of 0.79%. Some traders actively unloaded their inventories, while steel mills remained cautious and purchased according to their needs. The overall market trading atmosphere was average today. Transaction prices rose by 5-15 yuan/ton compared to yesterday. Today, the demand for construction materials recovered, leading to a slight decline in inventories, exceeding market expectations. The valuation of ore prices is relatively weak, and the downward space in the future is limited. However, due to the off-season demand and the risk of steel mills' profits weakening, the upward momentum of ore prices is insufficient, and the market may continue to fluctuate in a short-term range...

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