[SMM Sheet & Plate Daily Review] Futures Continued to Heat Up, with Some Improvement in Sheet & Plate Transactions

Published: Mar 23, 2026 17:04

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In terms of supply, maintenance on rolling lines decreased somewhat this week, and production continued to rebound. On the demand side, as futures heated up, market trading sentiment improved somewhat. Meanwhile, with the market in the traditional peak steel consumption season of “Golden March and Silver April,” there was still some expectation for steel demand in the period ahead, and the HRC supply-demand imbalance remained moderate. Coupled with rising global energy prices, coking coal and coke held up well, and overall cost support still remained dominant. Therefore, HRC is expected to continue fluctuating with raw materials, with a generally firm trend.

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