Weak Demand May Halt Decline in Northern Cities' HRC Inventory Next Week

[Weak Demand: HRC Inventory in Northern Cities May Stop Declining Next Week]

Demand side, the impact of heavy snow and low temperatures might become more pronounced, leading HRC to return to fundamental trading. Downstream end-use sectors may continue to restock as needed, but with PMI data being released this weekend, some speculative demand might emerge, potentially improving overall transactions. In terms of supply, according to the SMM survey, the impact of HRC maintenance next week is estimated to be 56,000 mt...