[SMM Steel Mill Production Schedule Analysis] — September daily average production schedules at steel mills all increased MoM

• HRC Commodity Production Schedule: September Steel Mill HRC Production Schedule Up 4%, Daily Average Production Schedule Up 7.4%

  ▶ According to SMM's latest tracking, 39 mainstream HRC steel mills plan to produce a total of 13.5345 million mt of HRC commodity products this month, up 518,500 mt or 4% from actual HRC commodity production last month. On a daily average basis, September has one fewer day than August, and the daily average HRC commodity production schedule for September is 451,200 mt, up 7.4% MoM from actual daily average production last month.

  

  ▶ This month, after SMM's sample expansion, 54 steel mills plan to produce a total of 17.6645 million mt of HRC commodity products, up 1.43% from actual production last month. On a daily average basis, the daily average HRC commodity production schedule for September is 588,800 mt, up 4.81% MoM from actual daily average production last month.

  

  Source: SMM

   

  CRC Commodity Production Schedule:September Steel Mill CRC Production Schedule Up 2.3% Daily Average Production Schedule Up 5.8%

  ▶ According to SMM's latest tracking, 31 mainstream CRC steel mills plan to produce a total of 4.0078 million mt of CRC commodity products this month, up 91,600 mt or 2.3% from actual CRC commodity production last month.

  ▶ On a daily average basis, September has one fewer day than August, and the daily average CRC commodity production schedule for September is 133,600 mt, up 5.8% MoM from actual daily average CRC commodity production last month.

  

  

  Source: SMM

   

  HRC Export Schedule:September Steel Mill HRC Export Planned Volume Up 5.63% MoM

  ▶ This month's planned HRC export volume is 1.072 million mt, up 57,100 mt or 5.63% MoM from actual exports last month. Steel mill export plans have increased somewhat, mainly because domestic export prices bottomed out in August, coupled with some upward movement in overseas prices, prompting some overseas rigid demand to make purchases, such as flows to the Middle East and Turkey. The rise in Turkish demand was mainly driven by a supply gap in Russian sources, leading to a shift in procurement flows. However, some steel mills also reported that current volumes are more planned exports, and Southeast Asian demand has not fully recovered, so actual exports may be limited. In terms of new orders, after mid-August, both domestic and overseas prices were raised, and some previously wait-and-see orders began to be placed, with flows concentrated in Europe, the Middle East, India, and other regions. Overall, as export prices rise and stabilize, coupled with a slow recovery in demand, exports of sheets & plates may improve.

  

  

  Source: SMM

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