[SMM Sheets & Plates Daily Review] HRC Futures Fluctuate Rangebound, Spot Trading Slows Down

Published: Feb 3, 2026 18:16

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Today, HRC futures rose first then fell, with the most-traded contract closing at 3,265, down 0.34% intraday. Spot market prices remained relatively stable. Supply side, hot-rolled maintenance impact this week was 274,500 mt, up 12,000 mt WoW. Next week, hot-rolled maintenance impact is expected to be 24.59 mt, down 28,600 mt WoW. HRC production remained stable WoW ahead of the holiday. Demand side, manufacturing end-users gradually entered the holiday period this week, purchasing enthusiasm slowed down, with end-users purchasing as needed. Raw material side, hot metal output is expected to rebound WoW, but restocking by steel mills ahead of the holiday has temporarily concluded, with cost support turning neutral. Looking ahead, sheets & plates still lack clear ....

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