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There May Still be Room for a Rebound in Steel Prices After the Adjustment

        This week, the pressure on supply and demand in China’s domestic steel market has increased, and demand continued to be weak, resulting in an increase in in-plant inventories. The recent strong operation of steel prices is mainly due to the approaching of the traditional peak demand season in September and the …

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The Enthusiasm for Downstream Purchases was Low, and The Demand for Steel Continued to be Weak

        The current situation of China’s domestic steel market this week: Due to the increasing downward pressure on the domestic economy and the high temperature and off-season, the market sentiment was cautious this week, the enthusiasm for downstream purchases was low, and the demand for steel continued to be weak.     …

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Steel Prices Continue to Fluctuate, with Little Room For Ups and Downs

        This week, China’s domestic high temperature, and affected by the off-season of the steel market, the demand for steel has shrunk, the toughness is still insufficient, and the market sentiment is weak. At the same time, steel mills have resumed production and the destocking speed has slowed down, which has also …

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There May Still be Room for a Repairing Rebound in Short-term Steel Prices

        The fundamentals of supply and demand in China’s steel market further improved this week. The sharp reduction in production by steel mills in the early stage led to an accelerated decline in inventories, which also supported a rebound in steel prices.        In addition, it is expected that the …

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The Maritime Transport Situation is More Serious!

        Auckland International Container Terminal management shut down its operations at the Port of Auckland on Wednesday, with all other marine terminals except OICT shutting down truck access, bringing the port to a near standstill. Freight operators in Oakland, Calif., are bracing for a week-long strike by truckers.        This …

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The Domestic Steel Market is Weak in Supply and Demand This Week

        The domestic steel market is weak in supply and demand this week, and manufacturers continue to choose to cut prices to destock.        Under the influence of negative factors such as global economic recession expectations, domestic high temperature and off-season, repeated epidemics, and frequent real estate project risks, the …

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Congestion of Container Ports is Becoming Increasingly Serious on All Continents

     At present, the congestion of container ports is becoming increasingly serious on all continents.     Asia: due to the continuous epidemic and seasonal typhoons, some major ports and wharves in China will face the pressure of yard and berth congestion. The storage yard density of Singapore is 80%, while that of Busan, the …

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Strikes Around the World May Cause Further Delays in Shipping and Delivery Times

        Recently, food and energy prices have continued to soar due to inflation, but wages are far from keeping up. From Korean truck drivers, German port workers, British railway workers, Belgian trade union workers, Canadian railway workers, Spanish truck drivers, to thousands of pilots in the American aviation industry and employees of …

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