Demand remained lukewarm, and HRC was expected to continue its sideways movement next week.

Published: Mar 27, 2026 17:19

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This week, News during the week mainly centered on iron ore negotiations. Under bearish market expectations, ore prices weakened accordingly, while coking coal and coke also declined due to the pullback in crude oil. Returning to HRC supply and demand, production fluctuated rangebound this week. Social inventory as a whole maintained a destocking trend.Traders' purchase pace was moderate, and mill inventory turned from rising to falling. Downstream demand remained lukewarm, with low purchase willingness for HRC, CRC, galvanizing and other products in large volumes. Looking ahead,HRC's fundamentals were unlikely to show any bright spots, and it is expected to continue moving sideways next week in line with the cost side.

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