SMM Weekly Report: Marginal Supply-Demand Weakness Amid Expanding Social Inventory of HRC

[SMM Weekly HRC Balance & Social Inventory Overview] Marginal Weakening in Supply and Demand, Expanded Social Inventory Accumulation!

Some steel mills in North China have introduced new maintenance plans, leading to a slight decline in HRC production. During this period, futures dropped significantly due to anti-dumping measures, dampening market purchasing enthusiasm. Both supply and demand weakened marginally, while the degree of social inventory accumulation expanded. Looking ahead, some steel mills are expected to implement additional maintenance, potentially easing supply pressure. With the Two Sessions approaching and the impact of anti-dumping sentiment fading, suppressed end-use demand is likely to be released. Nationwide social inventory is expected to see a short-term reduction...