SMM

【SMM Steel Morning Meeting Summary】Supply side, pig iron production continues to increase, raw material price pressures are beginning to emerge, steel mill profits are shrinking, but high supply pressures remain. Demand side, recent building material demand continues to rebound, domestic special bond issuance has accelerated, real estate data decline has turned around, steel mills are still in a state of inventory reduction, and the overall fundamental imbalance is not yet prominent.