[SMM Hot-Rolled Arrivals] Shanghai Shipments Increase Significantly, Overall Arrivals in Mainstream Areas Decline

SMM Steel, February 18 - According to SMM statistics, the total estimated shipments of mainstream market resources this week reached 295,400 mt, down 57,900 mt WoW. By market:

Table 1: Comparison of Arrivals in Mainstream Markets

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Source: SMM Steel

Shanghai Market:This week, shipments in the Shanghai market saw a slight WoW increase. Specifically, shipment levels in north-east and east China remained stable, while those in south and north China increased. Looking ahead, mainstream steel mills are expected to maintain stable production enthusiasm in February, with limited fluctuations in shipments next week. Around early March, mainstream steel mills in south China are expected to undergo maintenance, potentially leading to a slight reduction in shipments in mid-to-early March.

Chart-1: Arrivals in Shanghai Market

Source: SMM Steel

Lecong Market:This week, shipments to Lecong saw a significant WoW decline. Specifically, resources from north China decreased, with the main reduction coming from local mainstream resources in south China. WG's mid-month production focused on specialty steel, leading to a noticeable decline in overall arrivals. Looking ahead, local mainstream resource shipments may increase in the short term, and shipments in the Lecong market are expected to remain at a high level compared to the same period. Meanwhile, WG is expected to undergo maintenance in March, which may adjust the shipment pace.

Chart-2: Arrivals in Lecong Market

Source: SMM Steel

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