This week, the pressure on supply and demand in China’s domestic steel market has increased, and demand continued to be weak,
Commodities tumbled across the board, with coking coal down by the daily limit and iron ore down 8%
National Business News AI Express, the bulk commodities plunged across the board, the main coking coal futures contract hit the limit, down 7.98%, at 1782.5 yuan/ton. Iron ore fell 8%, hot volume fell more than 7%, thread fell more than 6%. Base metals, Shanghai copper, Shanghai zinc, Shanghai nickel fell more than 3%. WTI crude, meanwhile, fell more than 5%, while Brent crude fell 4.4%.
The current situation of China’s domestic steel market this week: Due to the increasing downward pressure on the domestic economy and
This week, China’s domestic high temperature, and affected by the off-season of the steel market, the demand for steel has shrunk,
This week, the output of China’s five major types of steel was 8.9713 million tons, an increase of 140,300 tons from
The fundamentals of supply and demand in China’s steel market further improved this week. The sharp reduction in production by steel