Favorable Factors:
1. Strip steel prices held steady — cost support remains stable
2. Mills deepening maintenance cuts to defend margins — supply discipline helps hold the price floor
Adverse Factors:
1. Summer demand remains sluggish — high temps and rain keep end-user buying thin
2. Inventory keeps building at mills and traders — supply pressure weighs on sentiment
3. ASEAN mills slashing HRC prices — competitive pressure squeezes Chinese export offers
Outlook:
Market stuck in a narrow range — supply cuts provide a floor but demand can’t break through. Expect FOB to hold steady near current levels next week with limited movement either way.
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