[SMM Daily Commentary on Coke and Coal] In terms of supply, most coking enterprises still have certain profits, maintaining stable production. However, the shipment of some coking enterprises has been hindered, leading to a slight accumulation of coke inventory and an increase in supply pressure. Demand side, the finished steel market is gradually entering the off-season, with a slight decline in production enthusiasm. Moreover, the coke inventory of most steel mills is currently at a medium to high level, so they are cautious in purchasing and their desire to bargain down coke prices is gradually increasing. In summary, the supply-demand imbalance of coke has slightly accumulated, and cost support has weakened. In the short term, coke prices are also expected to continue to face downward pressure, with the anticipation of a second round of price reductions.

SMM Steel reported on May 20 that according to SMM statistics, the estimated total shipments of resources in mainstream markets this week were 207,500 mt, a decrease of 37,000 mt WoW from the shipment level last week. By market:

SMM Steel News on May 20: According to SMM statistics, the estimated total resource shipments in the mainstream market this week were 207,500 mt, a decrease of 37,000 mt WoW from the shipment level. By market:

[SMM Daily Commentary on Coking Coal and Coke] In terms of supply, most coking enterprises still maintain certain profits and operate steadily. However, the wait-and-see sentiment among downstream buyers has increased, hindering the shipment of coke for some coking enterprises, leading to a slight accumulation of coke inventory. In terms of demand, pig iron production at steel mills has peaked and is pulling back. There is a general expectation of weaker demand for finished steel products in the future. Additionally, most steel mills currently have coke inventory at medium to high levels, leading them to be cautious in purchasing raw materials and strengthening their desire to bargain down prices. Furthermore, today, both deposit and lending interest rates were lowered, but this failed to offset the market's bearish sentiment, resulting in an overall downward trend in the coking coal and coke futures market. In summary, the supply-demand imbalance in the coke market continues to accumulate, and cost support is weakening. There is an expectation of a second round of price reductions in the short-term coke market.

Overall, the products involved in Malaysia's anti-dumping case accounted for 2.87% of China's total exports of tin-plated (or coated) flat-rolled iron or non-alloy steel products, representing a relatively small share. The export destinations where anti-dumping products accounted for over 5% of the total exports included Italy, Mexico, UAE, Belgium, and the US. The current varieties of steel products subject to Malaysia's anti-dumping measures against China, as well as the specific progress of the case, are as follows...

[SMM Weekly Maintenance Statistics] According to SMM statistics, for the week (May 17 to May 23), the impact of blast furnace maintenance on pig iron production was...