Publicado: Feb 22, 2024 11:23
【Hot-rolled coil inventory continues to pile up, market confidence dampened】This week, the inventory of hot-rolled coil in the Tangshan market continues to rise and has exceeded the highest point in 2023. On the supply side, the enthusiasm of mainstream steel mills in the Tangshan market has declined, with more blast furnace maintenance and a reduction in hot-rolled coil production. On the demand side, the market was basically stagnant during the Spring Festival period, and in the first week after the festival, the market continued the weak trend from before the festival, with hot-rolled coil prices failing to rebound as expected, and market transactions being sluggish. Looking ahead, the post-festival market demand is slow to pick up, and it is expected that the inventory of hot-rolled coil in the Tangshan market will continue to rise next week. Attention should be focused on the speed of demand recovery...

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