【SMM Hot Rolled Arrivals】Mainstream steel mills in South China resumed production after maintenance, and arrivals in Lecong are expected to increase MoM next week.

SMM Steel reported on March 25 that, according to SMM statistics, the estimated total resource shipments in the mainstream market this week were 217,400 mt, an increase of 14,200 mt WoW. By market:

Data Source: SMM Steel

Shanghai Market: Shipments in the Shanghai market rose slightly WoW, but overall remained at a lower level compared to the same period in previous years. Specifically, shipments from north-east China and east China remained stable, while shipments from south China and north China increased. Looking ahead, as maintenance at major resources in south China concluded and production resumed, shipment volumes are expected to gradually rebound starting next week.

Data Source: SMM Steel

Lecong Market: Shipments from Lecong fluctuated rangebound WoW. Specifically, resources from North China remained stable, while local mainstream resources saw mixed changes, with overall arrivals showing a relatively small change MoM. Looking ahead, with the maintenance of WG's rolling line completed, shipments are expected to rebound, and arrivals in the Lecong market are projected to increase next week.

Data Source: SMM Steel