SMM HRC Weekly: Robust Supply-Demand, Notable Slowdown in Post-Holiday Social Inventory Growth

[SMM HRC Weekly Balance & Social Inventory Overview] Strong Supply and Demand, Noticeable Slowdown in Social Inventory Accumulation in the Third Week After the Holiday!

Currently, steel mills are maintaining high production enthusiasm, with HRC production remaining at elevated levels. During this period, futures bottomed out and rebounded, market trading sentiment improved, and with end-users gradually resuming production, market transactions showed significant improvement. Strong supply and demand continued, and social inventory kept accumulating, but the rate of increase narrowed significantly. Looking ahead, some steel mills have expressed intentions for new maintenance, which may ease supply pressure. End-use demand is being released steadily, and it is expected that the hope for short-term nationwide social inventory reduction will increase...