China has established Mineral Resources Group to focus on purchasing iron ore and other metal resources. In addition, to effectively help ensure energy supply and price stability, the State Administration for Market Regulation recently organized three investigation teams to conduct investigations in Shanxi, Inner Mongolia, and Shaanxi to strengthen the supervision of thermal coal prices further, clarify legal red lines, and standardize the order of thermal coal prices.
A volatile pattern still dominates the market as a whole, the GI steel sheet price has rebounded from the low level, and the motivation to continue to rise is insufficient. Mainly, the current demand is insufficient to continue driving prices up. The market has entered a volatile market, and the pattern of weak supply and demand is difficult to break in the short term. As a result, the spot price rises lack sustained strong momentum. As a result, it is expected that the GI steel sheet price will fluctuate weakly tomorrow.
