[SMM Hot-Rolled Coil Arrivals] Arrivals in Mainstream Markets Increased Slightly WoW This Week

SMM Steel News, March 17: According to SMM statistics, estimated total shipments of resources to mainstream markets this week were 265,300 mt, up 1.49% WoW from the shipment level of the previous week. By market:

Table 1: Comparison of Arrivals in Mainstream Markets

Source: SMM Steel

Shanghai market: Hot-rolled coil shipments to the Shanghai market increased slightly this week. Specifically, shipments from east China and north China were flat, while shipments from mainstream steel mills in south China increased slightly. Short term, the price spread advantages in east China and south China were not obvious, and steel mill shipments were mainly stable. Shipments to the Shanghai market next week are expected to have relatively small room for fluctuations WoW from this week.

Chart-1: Arrivals in the Shanghai Market

Source: SMM Steel

Lecong market: Shipments to Lecong decreased slightly WoW this week. Specifically, resources from north China declined somewhat, while local mainstream resources remained largely stable. Looking ahead, some steel mills traditionally produce specialty steel products in mid-month, and arrivals in the Lecong market next week may still be expected to decline slightly.

Chart-2: Arrivals in the Lecong Market
 

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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