[SMM HRC Arrivals] Affected by the typhoon, arrivals in south and east China decreased this week.

SMM Steel News on June 17: According to SMM statistics, the estimated total resource shipments in the mainstream market this week were 227,400 mt, down 28,000 mt WoW from the shipping level last week. By market:

Chart-1: Comparison of Arrivals in Mainstream Markets

Data source: SMM Steel

Shanghai market: This week, shipments in the Shanghai market decreased slightly WoW. Specifically, shipments of north-east China resources decreased WoW, while shipments in markets such as north and south China remained stable. Looking ahead, with HRC prices fluctuating rangebound recently, downstream buyers are cautious and purchasing as needed. Merchants' enthusiasm for ordering is generally low. It is expected that arrivals in Shanghai will remain at a low level in the short term.

Chart-2: Arrivals in the Shanghai Market

Data source: SMM Steel

Lecong market: This week, shipments flowing to Lecong decreased somewhat WoW. Specifically, on the one hand, there were still some arrivals of north China resources this week, but the unloading of some local mainstream resources, DDH and WG, was delayed due to the typhoon, affecting the volume of goods entering the warehouse. Looking ahead, resources gathered at the port last week will be unloaded successively. Although the production of variety steel by WG will decrease somewhat in the middle of the month, overall, arrivals in Lecong will remain at a relatively high level in the short term.

Chart-3: Arrivals in the Lecong Market

Data source: SMM Steel

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