For the week ended August 12, Shanghai HRC inventory stood at 477,500 mt, down 4,200 mt WoW (-0.87%), marking its first pullback after three consecutive weeks of accumulation.

Ningbo HRC large-sample inventory was 325,000 mt, down 11,600 mt WoW (-3.45%), marking the second consecutive weekly decline.

After six months of round-the-clock efforts and rapid progress, and with close cooperation and coordinated efforts among all parties involved, the new electroslag remelting furnace project at Baote High-Alloy efficiently completed all phased tasks including civil construction, plant construction, equipment tendering, and installation, and officially entered the hot commissioning stage on the morning of July 28. Since it started production in 2023, Baote High-Alloy has been constrained by capacity in its electroslag remelting process, which has limited the market expansion and delivery capability of its high-end die steel products to a certain extent. As a key technological transformation project laid out in Baowu Special Metallurgy's "15th Five-Year" development plan, the new electroslag remelting furnace project is of far-reaching strategic significance for the high-quality development of Baote High-Alloy. The project precisely focuses on production pain points and development shortcomings and, through production line upgrades and process optimization, effectively removes the capacity bottleneck that has long constrained the enterprise's development.