[SMM HRC Arrivals] This Period’s Arrivals Edge Up, with Clear North-South Divergence  

SMM Steel, June 23 – According to SMM statistics, estimated total shipments to mainstream markets this week were 149,200 mt, up 4.48% WoW. By market: 

Table 1: Comparison of Mainstream Market Arrivals  

Data source: SMM Steel  

Shanghai Market: HRC shipments to the Shanghai market decreased WoW this week. Specifically, supply from South China decreased significantly, while shipments from the northern market were basically flat. Looking ahead, short-term fluctuations in shipments from the northern market will be relatively small; in the southern market, shipments from mainstream steel mills were low this week but may accelerate next week, with arrivals in Shanghai expected to increase WoW next week.  

Chart-1: Shanghai Market Arrivals  

Data source: SMM Steel  

Lecong Market: Shipments to Lecong bottomed out this week. Specifically, supply from North China remained unchanged, while two major sources increased WoW, though overall levels remained low. Going forward, short-term arrivals from the north will remain limited; for mainstream sources, arrivals will fluctuate in the near term due to maintenance and shifts in shipment flows.  

Chart-2: Lecong Market Arrivals  

Data source: SMM Steel  

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