Recently, the brass billet market has shown a relatively sluggish trend. Several brass billet companies have reported that downstream customers, affected by tariffs, are adopting a cautious approach to inventory preparation, leading to a sharp decline in new orders. This year's orders are expected to reach only about 80% of last year's level on a YoY basis. From the perspective of brass billet companies themselves, there has not been a significant increase in inventory preparation. On one hand, the uncertainty of downstream demand makes companies hesitant to increase inventory, fearing that future market demand may fall short of expectations, resulting in inventory accumulation. On the other hand, the tight supply of raw materials also limits companies' ability to prepare inventory. SMM predicts that, without significant adjustments to tariff policies, the brass billet market will continue to maintain this sluggish trend in the near future.