Limited Near-Term Fundamental Catalysts for Sheets & Plates; Expected to Hold Up Well Next Week on Cost-Side Strength

Published: Mar 13, 2026 17:36

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This week, hot-rolled coil fluctuated higher, with the most-traded contract closing at 3,295 on Friday, up 0.52% on the day. In the spot market, weekly prices were raised by 30-70 yuan/mt, and transactions improved somewhat WoW. Looking ahead, sheets & plates fundamentals are unlikely to offer much narrative room, while cost support will play a more dominant role. Before there is any clear pickup in domestic and overseas demand for hot-rolled coil, prices are likely to continue to hold up well in the short term in line with cost trends. The most-traded contract is expected to fluctuate in a range of around 3,250-3,330.

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