[SMM Steel Morning Meeting Summary: Steel Transaction Atmosphere Sligh

Published: Jul 12, 2024 07:30

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[SMM Steel Morning Meeting Summary: Steel Transaction Atmosphere Slightly Improved, Terminal and Futures-Spot Demand Both Released] In the spot market yesterday, futures prices rebounded slightly from the decline, the market transaction atmosphere improved slightly, and both terminal and futures-spot demand were released, with transactions being acceptable. The supply-demand pattern of hot-rolled steel coils has weakened, and inventories have accumulated again. According to SMM research, the output of hot-rolled steel coils this week is 348.86, down 3.21% from the previous week on a month-on-month basis, but compared with the same period last year, it remains at a high level, and the pressure remains unchanged. In terms of demand, the apparent demand this week has also declined, but the increase in inventories has expanded...

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