[SMM Lecong HRC Inventory] Lecong Inventory Continued to Build This Week

Published: Mar 4, 2026 14:23
This week, Lecong HRC inventory stood at 1.0397 million mt, up 57,100 mt WoW (+5.81%); down 3.50% YoY on the Gregorian calendar basis, and up 5.89% YoY on the lunar calendar basis.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Daily Chromium Review] Uptrend in Ore Prices Continues, with Cost Support for Ferrochrome
2 hours ago
[SMM Daily Chromium Review] Uptrend in Ore Prices Continues, with Cost Support for Ferrochrome
Read More
[SMM Daily Chromium Review] Uptrend in Ore Prices Continues, with Cost Support for Ferrochrome
[SMM Daily Chromium Review] Uptrend in Ore Prices Continues, with Cost Support for Ferrochrome
[SMM Daily Chrome Review: Ore-Side Uptrend Continued, with Cost Support for Ferrochrome] News on March 4, 2026: The ex-factory price of high-carbon ferrochrome in Inner Mongolia was flat MoM from the previous trading day…
2 hours ago
[SMM Iron & Steel] Gulf War Tensions Drive Up Global Freight Rates
2 hours ago
[SMM Iron & Steel] Gulf War Tensions Drive Up Global Freight Rates
Read More
[SMM Iron & Steel] Gulf War Tensions Drive Up Global Freight Rates
[SMM Iron & Steel] Gulf War Tensions Drive Up Global Freight Rates
Market reports on March 3, 2026, indicate that the ongoing conflict in the Gulf region has caused a significant spike in ocean freight rates. This is particularly affecting the landed cost of iron ore and HRC (Hot Rolled Coil) for sensitive destinations. While mine-side prices remain stable, the rising cost of logistics is beginning to squeeze margins for international steel traders.
2 hours ago
[SMM Iron & Steel] Vietnam Approves National Steel Strategy for 2030
2 hours ago
[SMM Iron & Steel] Vietnam Approves National Steel Strategy for 2030
Read More
[SMM Iron & Steel] Vietnam Approves National Steel Strategy for 2030
[SMM Iron & Steel] Vietnam Approves National Steel Strategy for 2030
The Vietnamese government officially approved a new national steel development strategy on February 13, 2026. The plan aims for crude steel production to reach 25–26 million tonnes per year by 2030, with a focus on self-reliance in high-value alloy and specialized steels for the automotive and defense sectors. By 2050, the vision targets a massive 70 million tonnes of annual crude steel capacity.
2 hours ago