Summary of SMM Steel Morning Meeting: Strong Support from Raw Material End, Steady Rise in Finished Product Market

Iron Ore:

Yesterday, iron ore fluctuated and rose, with the main contract I2309 closing at 845, up 0.66%. Yesterday, iron ore traders had a good willingness to ship, and steel mills mainly purchased on demand. The overall transaction atmosphere was general. The PB powder transaction price in Shandong area was concentrated at 880 yuan/ton, up 7-8 yuan/ton from the previous day.