[SMM Hot-Rolled Steel Arrivals] East China Market Arrivals Declined Significantly This Week  

SMM Steel, February 10 – According to SMM statistics, the estimated total shipments of resources in mainstream markets this week were 176,800 mt, down 24.86% WoW from last week’s shipment level. By market:  

Table 1: Comparison of Mainstream Market Arrivals  

Data source: SMM Steel  

Shanghai Market: Shipments in the Shanghai market decreased WoW this week. Specifically, shipments from mainstream steel mills in Northeast and East China remained stable, while those from mills in North and South China showed varying degrees of decline, with a significant drop in shipments from South China mills. Looking ahead, as the Chinese New Year approaches, market transactions are gradually stalling, and arrivals in the Shanghai market are expected to remain at normal levels during the holiday.  

Chart 1: Shanghai Market Arrivals  

Data source: SMM Steel  

Lecong Market: Shipments to the Lecong market saw a narrow decline WoW this week. Specifically, shipments of resources from North China remained stable, while those from local mainstream sources decreased slightly. Looking ahead, the market has already entered a holiday closure phase, and freight levels may experience a phased slowdown, but post-holiday shipments are expected to maintain current levels.  

Chart 2: Lecong Market Arrivals  

Data source: SMM Steel  

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