As finished product prices obviously underperformed raw material prices, profits of steel mills continued to narrow last week. Looking forward, coke price is still expected to rise. Finished product markets will see unbalanced supply-demand fundamentals. Therefore, finished product prices will underperform raw material prices in a short run. It is expected that profits of steel mills will continue to decline this week.
Profits of steel mills kept eroding last week amid the second round of coke price rises
- Dec 04, 2023, at 10:40 am
- SMM
As finished product prices obviously underperformed raw material prices, profits of steel mills continued to narrow last week. Looking forward, coke price is still expected to rise.
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