[SMM Hot-Rolled Arrivals] Arrivals in Major Mainstream Markets Pulled Back in the First Week After the Holiday

SMM Steel News on March 3: According to SMM statistics, this week total resource shipments to major mainstream markets were estimated at 242,700 mt, down 19.82% WoW from last week’s shipment level. By market:

Table 1: Comparison of Arrivals in Major Mainstream Markets

Data source: SMM Steel

Shanghai market: This week, hot-rolled coil shipments to the Shanghai market edged up. Specifically, shipments in the east China market were basically stable, while shipments from south China and steel mills in north China increased slightly. In the short term, as market demand gradually recovered, steel mill shipments were expected to remain at a moderately high level over the next one to two weeks.

Chart-1: Arrivals in the Shanghai Market

Data source: SMM Steel

Lecong market: This week, shipments to the Lecong destination fell notably WoW. Specifically, resources from north China were relatively stable, while shipments of local mainstream resources pulled back somewhat compared with mid-holiday levels, and overall arrivals changed WoW. Looking ahead, it was learned that shipments of mainstream resources remained relatively stable, and overall arrivals might fluctuate within a narrow range in the short term.

Chart-2: Arrivals in the Lecong Market

Data source: SMM Steel

SMM releases weekly hot-rolled shipment data by destination for major mainstream markets every Tuesday. To subscribe or follow for more data, please scan the QR code below.

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