[SMM HRC Arrivals] Arrivals in South China increased significantly

Published: Aug 12, 2025 18:23

Source: SMM

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SMM Steel reported on August 12 that according to SMM statistics, the estimated total shipments of resources in mainstream markets this week were 331,700 mt, up 18.25% WoW from the previous week's shipment level. By market:

Chart-1: Comparison of Arrivals in Mainstream Markets

Source: SMM Steel

Shanghai Market: This week, shipments in the Shanghai market remained basically stable WoW. Specifically, shipments of resources from north-east China increased slightly, while shipments of resources from east China and north China remained stable. Shipments from mainstream steel mills in South China decreased slightly. Looking ahead, with the recent strengthening of HRC prices, steel mills' enthusiasm for shipments remains moderate. However, terminal transactions have been relatively stable. It is expected that arrivals in the Shanghai market will fluctuate rangebound in the short term.

Chart-2: Arrivals in the Shanghai Market

Source: SMM Steel

Lecong Market: This week, shipments flowing to Lecong increased significantly WoW. Specifically, on the one hand, arrivals of resources from north China increased WoW. On the other hand, shipments of local mainstream resources DDH increased due to lower shipments in the previous month and the current moderate prices in South China. As a result, arrivals continued to increase this week. Looking ahead, with the current moderate price advantage in South China and strong production enthusiasm among steel mills, it is expected that the arrival level in Lecong will continue to remain relatively high in the short term, but may decline slightly from this week's peak.

Chart-3: Arrivals in the Lecong Market

Source: SMM Steel

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