【SMM Hot Rolled Arrivals】Slight Decrease in Arrivals in Mainstream Markets

SMM Steel April 22 News: According to SMM statistics, the estimated total shipments of mainstream markets this week were 218,300 mt, down 43,700 mt WoW. By market: Chart-1: Mainstream Market Arrivals Comparison Data source: SMM Steel Shanghai Market: Shipments in the Shanghai market declined significantly WoW. Specifically, the shipment declines in the north-east, north, and south China markets were slightly higher than those in east China. Looking ahead, recent sheet prices have been under pressure and fluctuating, downstream shipment pressure has increased, and purchasing enthusiasm has declined. It is expected that shipment levels in the Shanghai market will fluctuate rangebound WoW next week. Chart-1: Shanghai Market Arrivals Data source: SMM Steel Lecong Market: Shipments to the Lecong market fluctuated rangebound WoW. Specifically, resources from north China remained stable, while local mainstream resources also changed relatively little WoW. Looking ahead, the production increase of sheets & plates by mainstream steel mills is relatively limited, and overall arrival pressure is relatively small. Therefore, it is expected that the increase in arrivals in the Lecong market will remain limited next week. Chart-2: Lecong Market Arrivals Data source: SMM Steel SMM releases mainstream market hot-rolled shipment data every Tuesday. To subscribe or follow more other data, please scan the QR code below.