[SMM Hot-Rolled Arrivals] Steel Mill Shipment Enthusiasm Remains High, Mainstream Regions See High Arrival Levels

SMM Steel, February 5 - According to SMM statistics, the total estimated shipments of mainstream market resources this week reached 366,000 mt, up 35,900 mt WoW. By market:

Table 1: Comparison of Mainstream Market Arrivals

Data Source: SMM Steel

Shanghai Market:Before and after the Chinese New Year, shipments in the Shanghai market increased on a WoW basis. Specifically, mainstream steel mills in north-east China concentrated their shipments, significantly raising shipment levels, while resources from south and north China fluctuated relatively little. Looking ahead, with post-holiday resumption of work and production, downstream demand is expected to gradually recover. At present, steel mill orders and profitability remain moderate, and production and shipment enthusiasm is relatively high. It is anticipated that HRC arrivals in the Shanghai market will remain at a relatively high level in the short term.

Chart-1: Shanghai Market Arrivals

Data Source: SMM Steel

Lecong Market:Before and after the Chinese New Year, shipments to the Lecong market increased slightly on a WoW basis. Specifically, resources from north China remained stable with no significant increase, while shipments of mainstream local resources in south China increased on a WoW basis, with steel mills showing strong shipment enthusiasm. Overall, arrivals increased slightly. Looking ahead, steel mills are expected to maintain high shipment enthusiasm in the short term, and shipments to the Lecong market are likely to remain at historically high levels for the same period in previous years.

Chart-2: Lecong Market Arrivals

Data Source: SMM Steel

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