South Korea HRC imports rose sharply in Sep 2014

The total inventories of HRC stood at 2.925 million mt, up 3,600 mt or 0.12% on the week, and down 12.05% on the year.

SMM data showed that HRC stocks across social warehouses and steel makers declined 11,200 mt or 0.34% on the week, a drop of 5.14% from a year ago, to 3.27 million mt in the week ended November 18.

Affected by the dual control of energy consumption and the power rationing policy, a steel mill in Guangxi will reduce its hot rolled coil output by about 30% in October, and the same proportion of customer orders for the month will be adjusted.

Yunnan Qujing Jingzhong New Material Co., Ltd. officially opened on August 18 2021. The company plans to put 58 production lines of stainless steel pipe into operation, one third of which have been launched. The main products are 201 and 304 series stainless steel.

China HRC stocks across social warehouses and steel makers started to fall this week amid lower output and improving end-user demand, ending a nine-week winning streak.

Major Chinese steelmakers are expected to see 151,000 mt of their hot-rolled coil (HRC) deliveries arriving at Shanghai, Lecong and Tianjin, three major Chinese markets this week, slightly up 3,000 mt from last week, showed an SMM survey.

China’s output of hot-rolled coils and plates is likely to be little changed in June, as the recovery from maintenance will be offset by new maintenance and switches back to cold-rolled products.

An estimated daily output of 10,000 mt of hot-rolled coil will be impacted as Chongqing Iron & Steel has halted operations of its 1780 hot rolling mill for maintenance from May 1. 

Inventories of hot-rolled coils of steel sheets used to produce home appliances and cars in China fell for a second straight this week, as mills conducted maintenance or shifted to rebar production. SMM data showed that HRC stocks across social warehouses and steelmakers decreased 1.38% in the week ended March 26 to 5.27 million mt, 70.08% higher than the same period after the Lunar New Year holiday last year.

SMM data showed that HRC stocks across social warehouses and steelmakers stood at 5.73 million mt as of Thursday March 5, some 57.3% higher than the same period after the Lunar New Year holiday last year.