SMM Steel Market Update: Construction Steel Spot Prices Fluctuate Amid Weak Sentiment & Production Rebound

Publicado: Sep 5, 2024 07:30
[SMM Steel Morning Meeting Summary: Short-term Spot Prices of Construction Steel Fluctuating Mainly] In terms of spot market, market quotes continued to weaken, speculative demand increased caution, downstream buyers remained cautious and mostly waited and watched, resulting in relatively sluggish transactions. On the supply side, according to SMM research, as of September 3, the operating rate of electric arc furnace steel plants among 50 major construction material producers nationwide was 19.76%, a rebound of 4.56 percentage points from the previous month; the capacity utilization rate was 20.35%, up 3.44 percentage points month-on-month; and the average daily output of construction materials was 45,300 tonnes, an increase of 7,600 tonnes from the previous month. On the demand side, as prices fell, market speculative demand increased caution...

Declaração sobre a Fonte de Dados: Com exceção das informações publicamente disponíveis, todos os demais dados são processados pela SMM com base em informações publicamente disponíveis, comunicação de mercado e com base no modelo de base de dados interna da SMM. São apenas para referência e não constituem recomendações para a tomada de decisão.

Para quaisquer perguntas ou para obter mais informações, entre em contato: lemonzhao@smm.cn
Para mais informações sobre como aceder aos nossos relatórios de investigação, entre em contato:service.en@smm.cn
[SMM Steel Morning Meeting Summary: Short-term Spot Prices of Construc - Shanghai Metals Market (SMM)