Policy Stimulus Sustains; Northern Hot-Rolled Steel Coil Inventory Projected to Continue Decline Next Week

**Policy Stimulus Continues; Northern Hot-Rolled Steel Coil Inventory May Maintain Declining Trend Next Week**

Looking ahead, steel mills' hot-rolled steel coil profits remain at the breakeven point this week, coupled with low inventory levels of their own hot-rolled steel coils. Consequently, steel mill production enthusiasm remains high. According to SMM research, the impact of hot-rolling maintenance next week will be 166,100 tonnes, a decrease of 33,700 tonnes from this week, further increasing the supply pressure on hot-rolled steel coils. However, government policy stimulus measures are still ongoing, and with relatively minor contradictions in the supply and demand fundamentals, the inventory of hot-rolled steel coils in the northern market may maintain a declining trend next week...