[SMM Sheets & Plates Daily Review] Intraday HRC Prices Steady to Firm, Post-Rally Transactions Weakened

Published: Apr 17, 2026 18:17

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HRC prices first declined then rebounded this week, with the weekly average price edging up slightly and overall transactions improving WoW. Looking ahead, both supply and demand for HRC are expected to increase, the supply-demand imbalance is weakening, and cost support is expected to strengthen. In summary, the most-traded HRC contract is expected to hold up well within the 3,280-3,350 range next week.

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