SMM Iron and Steel Morning Meeting Minutes: Thread Trading Shakes, Spot Prices Overall Stable

Iron Ore: Last Friday, the thread iron opened high and went low, trading weakly throughout the day with a slight shake. The main contract I2405 eventually closed at 948.5, down 1.76% for the day. The enthusiasm of traders for shipment is average; steel mills are cautious and in need of replenishing stocks.

Coke: Overall, the supply and demand pattern of coke remains relatively loose, and the support from the cost end of coke is gradually weakening in the short term. The coke market may...

Rebar: On the supply side, the iron ore price has slightly loosened, but overall support remains. It is unlikely for a significant drop in the later price center. After the comprehensive implementation of the coke reduction, the profits of coking plants worsen, and some enterprises...

Hot Rolled Coil: Overall, although the fundamentals of hot rolled coil are accumulating contradictions, with the support of costs and the driving force of macroeconomic data expectations, it is expected that this week...