[Agency: Hot metal production has rebounded slightly this week, and the current rigid demand for raw materials has not yet significantly loosened.] September 4th, from the demand side, the fourth round of coke price increases has been fully implemented. However, affected by the rapid rise in coking coal prices, the cost of coal for coking companies is still high. Although the loss has narrowed marginally, the overall profit recovery is still very limited. However, even when profits are extremely compressed, most coking companies still choose to passively replenish their inventories to maintain production operations. This passive behavior of "the more you lose, the more you make up for it" itself reflects that the current rigid demand for raw materials has not yet significantly relaxed. In terms of steel mills, hot metal production has rebounded slightly this week, and the apparent consumption of steel and the pace of inventory depletion have recently shown signs of marginal improvement. Although it is not enough to confirm that peak season demand has officially started, the market may have begun to trade peak season expectations in advance. If steel consumption continues to pick up and inventories continue to be reduced, the pressure on steel mills to reduce production is expected to be alleviated, and their ability to withstand rising raw material prices will also be enhanced. (My Steel Net)