Publicado: Mar 11, 2024 07:16
SMM Steel Morning Meeting Summary: Expectations of resumption of production continue to fall short, short-term steel prices fluctuate widely. This week, the black series showed weak and volatile operations. In terms of news, the National Two Sessions were held, and the direction of the meeting basically met market expectations, with no unexpectedly positive news released. In terms of the industry, expectations of steel mill resumption of production continue to fall short, and some regional steel companies have issued notices to voluntarily control production and reduce output, once again dampening market confidence. Approaching the weekend, customs data shows that China's cumulative steel exports from January to February 2024 reached 15.912 million tons, a year-on-year increase of 32.6%, and there is still hope for the resilience of steel exports in March. In the spot market, terminal demand is cautious and purchases are slightly improved compared to the previous period...

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