Hot-Rolled Coil Market: Shift in Production, Output Reduction, and Inventory Depletion Amid Profit Margin Challenges

[Switch production, reduce output, and replenish inventories. The inventory of hot-rolled coils in northern cities is still in the process of de-stocking]

Looking ahead, the profit margins for hot-rolled coils remain poor. According to SMM research, the impact of hot-rolling maintenance next week will be 319,900 tonnes, an increase of 10,600 tonnes from this week. The supply pressure of hot-rolled coils continues to decrease. Coupled with the upcoming National Day holiday, the downstream industry has a certain demand for replenishing hot-rolled coil inventories. The fundamental contradictions of hot-rolled coils are gradually resolved, and the inventory of hot-rolled coils in northern cities is still in the process of de-stocking...