Golden September Ushers in De-stocking Trend: Northern Cities Anticipate Decline in Hot-Rolled Coil Inventories Amid Supply Reduction and Peak Season Demand

Arrival of Golden September: De-stocking Cycle of Hot-rolled Coil Inventories in Northern Cities May Begin"

Subsequently, according to SMM research, the impact of hot-rolled coil maintenance next week will be 189,500 tonnes, an increase of 70,400 tonnes from this week, marking a shift towards reduced supply. This alleviates the supply pressure on steel mills for hot-rolled coils. Coupled with the arrival of the traditional peak season, "Golden September," where demand is expected to increase slightly, the overall contradiction between supply and demand fundamentals for hot-rolled coils may gradually ease. As such, the de-stocking cycle of hot-rolled coil inventories in northern cities may commence, with inventories potentially continuing to decline next week...