[SMM Sheets & Plates Daily Review] Sheets & plates prices moved sideways during the day

Published: Apr 14, 2026 17:05

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Raw material-related rumors circulated in the market again during the day, causing increased fluctuations in coking coal and iron ore futures during the session. The most-traded HRC contract moved sideways today, closing at 3,279, up slightly by 0.12%. Spot market side, afternoon quotes in multiple regions pulled back; for cold-rolled products, cold-rolled prices remained stable today.
Attention should be paid to the progress of iron ore long-term contract negotiations. Considering that the market has already priced in part of the bearish factors from the negotiation outcome, the downside room from the final conclusion of negotiations is expected to be limited. Without unexpected impacts from other bearish factors, the impact on HRC prices is likely to be relatively limited.

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