[SMM Hot-Rolled Arrivals] Mainstream Resource Maintenance Impacted, Significant Reduction in Arrivals This Week

SMM Steel, March 18 - According to SMM statistics, the total estimated shipments of mainstream market resources this week were 203,200 mt, down 115,900 mt WoW. By market:

Table 1: Comparison of Arrivals in Mainstream Markets

Data Source: SMM Steel

Shanghai Market:This week, shipments in the Shanghai market declined WoW. Specifically, shipments of mainstream resources from north-east China, north China, and south China all decreased, while shipments in east China remained stable. Looking ahead, mainstream steel mills in south China are currently undergoing maintenance cycles, coupled with production adjustments for specific products. It is expected that shipments to Shanghai will decrease in mid-to-late March, while shipments from northern regions may rebound next week.

Chart-1: Arrivals in the Shanghai Market

Data Source: SMM Steel

Lecong Market:This week, shipments to Lecong decreased WoW. Specifically, resources from north China remained stable, while shipments of local mainstream resources were slightly disrupted, leading to an overall decline in arrivals. Looking ahead, WG's rolling lines will remain under maintenance next week, further slowing shipment pace. It is expected that arrivals in the Lecong market will remain at low levels next week.

Chart-2: Arrivals in the Lecong Market

Data Source: SMM Steel

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