[SMM Hot-Rolled Arrivals] Mainstream Market Arrivals Increased WoW This Week

SMM Steel, April 28: According to SMM statistics, estimated total shipments to mainstream markets this week were 172,300 mt, up 12.32% WoW.
By market:
Table-1: Mainstream Market Arrivals Comparison

 
Source: SMM Steel

Shanghai market: Shipments of hot-rolled coils to the Shanghai market remained at a relatively low level this week. Specifically, shipments from northeast and east China were basically stable, shipments from north China decreased slightly, and shipments from south China rebounded somewhat, but the overall level remained relatively low, mainly due to recent shipment adjustments by mainstream steel mills. In the short term, Shanghai's price advantage is not strong, coupled with recent adjustments in the shipment pace of mainstream steel mills in south China, shipments to the Shanghai market are unlikely to see significant increases in the near term.
Chart-1: Shanghai Market Arrivals

Source: SMM Steel

Lecong market: Shipments to Lecong increased WoW this week. Specifically, resources from north China remained relatively stable WoW, while local resources showed some divergence — one steel mill recently had a new maintenance plan and shipped less, while another steel mill increased shipments to south China due to elevated prices in the region. Going forward, Lecong prices remain at a national high, mainstream resource shipments continue to diverge, and Lecong arrivals are expected to remain relatively stable in the short term.
Chart-2: Lecong Market Arrivals
 
Source: SMM Steel

SMM publishes mainstream market hot-rolled shipment flow data every Tuesday. To subscribe or follow more data, please scan the QR code below.