HRC Prices to Remain Low as Fundamentals Show No Major Improvement, Production Rises and Demand Stays Limited

Published: Apr 10, 2026 16:38

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Average prices of cold-rolled and hot-rolled products remained largely stable this week, with overall transactions showing no significant change WoW, though low-price transactions and basis trading in some regions were moderate. In terms of supply, rolling line maintenance decreased this week, and overall HRC production increased. Demand side, apparent demand increased WoW this week. Inventory side, SMM-tracked HRC social inventory stood at 5.4382 million mt this week, down 65,600 mt WoW, or -1.19% WoW. Nationwide social inventory continued destocking this week. By region, south China, north China, and northeast China markets saw good destocking, while east China and central China were still experiencing inventory buildup. Cost side, iron ore negotiations have ...

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