【Some steel mills resume production of hot-rolled production lines, and the pressure of accumulating hot-rolled coil inventories remains high】

In general, on the demand side, the impact of the slack season has further expanded, and downstream demand may continue to decline. However, on the supply side, the adjustment attitude is not firm. According to SMM research, the impact of hot-rolled production line maintenance next week will be 211,900 tons, a decrease of 87,000 tons compared with this week. Some steel mills have resumed production of hot-rolled production lines, indicating that the current fundamentals of hot-rolled coil are facing a situation of both weak supply and demand. However, the decline in demand is still faster than supply, and the pressure of accumulating inventories in northern cities of hot-rolled coil remains high...