SMM HRC Weekly: Weak Supply Meets Strong Demand, Driving Continuous Decline in Social Inventory

[SMM HRC Weekly Balance & Social Inventory Analysis] Weak Supply and Strong Demand, Social Inventory Continues to Decline

Environmental protection combined with additional maintenance plans at some steel mills has led to a significant reduction in HRC supply. During this period, HRC futures first dipped and then rebounded. The market's enthusiasm for purchases was stimulated by the price increase trend, resulting in weak supply and strong demand, with an expanded decline in social inventory. Looking ahead, additional maintenance plans are still expected at some steel mills, keeping supply pressure relatively small in the short term. End-use demand remains resilient, and national social inventory is expected to continue declining in the short term...