SMM Steel Morning Meeting Minutes: Black Metal Prices Turn Red, Spot Trading Atmosphere Improves"

"Spot market prices have been fluctuating, driven by the improving market trend, and the trading of low-priced resources saw some improvement yesterday, driven by speculative demand. On the cost side, mainstream steel mills in Hebei and Shandong have successively lowered their purchase prices for coking coal, as the fourth round of coke price reductions has been implemented, resulting in a slight recovery in steel mill profits...