HRC Futures Up 0.21% Amid Strong Cost Support and Market Speculation

Published: Mar 24, 2026 17:15

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In terms of supply, impact from maintenance on hot-rolled products was 80,600 mt this week, down 234,300 mt WoW; next week, the impact from maintenance on hot-rolled products will be 9.34 mt, up 12,800 mt from this week. Demand side, driven by the raw fuel market, coking coal prices rose, the overall bullish sentiment in the ferrous market gradually strengthened, HRC prices rebounded, market shipments improved, low-priced resources moved relatively smoothly, and market speculation increased. Looking ahead, in the short term, HRC prices will still fluctuate with strong cost support, and attention should be paid to tomorrow's SMM regional inventory data.

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