steel Morning Post (20220507)
Release time:2022-05-07 09:31
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Reading volume:

1. Yesterday, the general billet dropped by 50, and Tangshan Qian'an Resources and Qinhuangdao Lulong Resources 4760 including tax left the factory. Trader resources around 4800.

2. Hot-rolled morning reminder: Yesterday, the hot-rolled coil market was mainly down, and the transaction was very light. The hot-rolled futures fell further, driving a bearish atmosphere in the spot market. We will pay attention to whether the coil price continues to decline today.

3. Early assessment of East China Building Materials: Yesterday, local resource prices were weakly adjusted, futures fluctuated downwards, steel mill prices fell, market sentiment was weak, billet prices fell 50%, and short-term market prices are expected to be stable and weak adjustment.


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