Raw Materials Drove Finished Steel Higher, Intraday Trading of Hot-Rolled and Cold-Rolled Products Improved

Published: Apr 15, 2026 17:06

Save

Raw material prices strengthened today, driving finished steel prices to edge up. The most-traded hot-rolled coil contract closed at 3,290 at the end of the session, up 0.34%. Spot market side, quoted prices in multiple regions edged up accordingly. Cold-rolled side, cold-rolled prices mostly held steady today, with no obvious follow-up gains yet. Going forward, short-term bearish factors on the ore side have been fully priced in, and coking coal and coke prices trended stronger, providing relatively strong cost support in the near term. Hot-rolled coil fundamentals side, inventory drawdowns this week were expected to accelerate WoW, with limited accumulation of supply-demand imbalance. The most-traded hot-rolled coil contract was expected to move sideways in the short term.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 min ago

[SMM Sheets & Plates Daily Review] Intraday HRC Prices Steady to Firm, Post-Rally Transactions Weakened

HRC prices first declined then rebounded this week, with the weekly average price edging up slightly and overall transactions improving WoW. Looking ahead, both supply and demand for HRC are expected to increase, the supply-demand imbalance is weakening, and cost support is expected to strengthen. In summary, the most-traded HRC contract is expected to hold up well within the 3,280-3,350 range next week.

1 min ago

16 mins ago

A steel mill in Hebei tendered for molybdenum iron at a tender price of 287,000/mt, purchasing 150 mt.

[Molybdenum Iron Tender Information] SMM April 17: A steel mill in Hebei issued a tender price for molybdenum iron at 287,000 yuan/mt (acceptance), with a quantity of 150 mt.

16 mins ago

17 mins ago

Tender Prices Released by Two Steel Mills in Jiangsu for Ferromolybdenum, Totaling 180 mt

[Ferromolybdenum Steel Mill Tender Information] SMM April 17: A steel mill in Jiangsu issued a ferromolybdenum tender price of 288,700 yuan/mt (by acceptance), with a quantity of 60 mt. Another steel mill in Jiangsu issued a latest ferromolybdenum tender price of 288,500 yuan/mt (cash, inclusive of tender service fee), with a quantity of 120 mt.

17 mins ago