[SMM Hot-Rolled Arrivals] Arrivals in Major Markets Increased WoW This Week

SMM Steel April 28 — According to SMM statistics, estimated total shipments from mainstream markets this week were 172,300 mt, up 12.32% WoW. By market:

Table 1: Mainstream Market Arrivals Comparison

Source: SMM Steel

Shanghai market:Shipments of HRC to the Shanghai market remained at a relatively low level this week. Specifically, shipments from northeast and east China were basically stable, shipments from north China decreased slightly, and shipments from south China rebounded somewhat, but overall levels remained low, mainly due to recent shipment adjustments by mainstream steel mills. In the short term, Shanghai's price advantage is not strong, coupled with recent adjustments in the shipment pace of mainstream steel mills in south China, shipments to the Shanghai market are unlikely to see significant increases in the near term.

Chart-1: Shanghai Market Arrivals

Source: SMM Steel

Lecong market:Shipments to Lecong increased WoW this week. Specifically, resources from north China remained relatively stable WoW, while local resources showed some divergence — one steel mill recently had a new maintenance plan with fewer shipments, while another steel mill increased shipments to south China due to elevated prices in the region. Going forward, Lecong prices remain at a national high, shipments from mainstream sources continue to diverge, and Lecong arrivals are expected to remain relatively stable in the short term.

Chart-2: Lecong Market Arrivals

Source: SMM Steel

SMM publishes mainstream market HRC shipment flow data every Tuesday. To subscribe or access more data, please scan the QR code below.

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