[SMM Steel Morning Meeting Summary: Futures Rebar Moves with Fluctuati

Published: Aug 1, 2024 07:31

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[SMM Steel Morning Meeting Summary: Futures Rebar Moves with Fluctuations, Market Sentiment Remains Cautious] According to SMM research, on July 31st, the blast furnace operating rate recorded by SMM was 92.91%, a decrease of 0.7% from the previous month. The blast furnace capacity utilization rate was 94.94%, a decrease of 0.58% from the previous month. The average daily molten iron output of sample steel plants was 2.283 million tons, a decrease of 7,100 tons from the previous month. Currently, the molten iron output is showing a downward trend, weakening the support for iron ore prices. It is expected that iron ore prices will experience weak and stable fluctuations in the short term...

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