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

• HRC schedule: September HRC production schedule at steel mills up 4%, daily average schedule up 7.4%

According to the latest SMM tracking, 39 mainstream HRC steel mills have a total planned HRC volume of 13.5345 million mt this month, up 518,500 mt or 4% from actual HRC production last month. On a daily average basis, with September having one fewer day than August, the daily average HRC 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 have a total planned HRC volume of 17.6645 million mt, up 1.43% from actual production last month. On a daily average basis, the daily average HRC production schedule for September is 588,800 mt, up 4.81% MoM from actual daily average production last month.

Source: SMM

• CRC schedule: September CRC production schedule at steel mills up 2.3%, daily average schedule up 5.8%
   

According to the latest SMM tracking, 31 mainstream CRC steel mills have a total planned CRC volume of 4.0078 million mt this month, up 91,600 mt or 2.3% from actual CRC production last month.
On a daily average basis, with September having one fewer day than August, the daily average CRC production schedule for September is 133,600 mt, up 5.8% MoM from actual daily average CRC production last month.

Source: SMM

• HRC export schedule: September HRC export plan at steel mills up 5.63% MoM
   

This month, the planned HRC export volume is 1.072 million mt, up 57,100 mt or 5.63% MoM from actual exports last month. The increase in steel mill export plans was mainly driven by domestic export prices bottoming out in August, coupled with some upward movement in overseas prices, prompting some overseas buyers with rigid demand to make purchases, such as in 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 noted that current volumes are mostly planned exports, as Southeast Asian demand has not fully recovered, and actual exports may be limited. In terms of new orders, after mid-August, both domestic and overseas prices were raised, and some previously hesitant orders began to be placed, with flows concentrated in Europe, the Middle East, and India. Overall, as export prices rise and stabilize, combined with a gradual recovery in demand, exports of sheets & plates may improve.

Source: SMM

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