[SMM HRC Arrivals] Arrivals Fluctuate Rangebound WoW  

SMM Steel September 9 - According to SMM statistics, the estimated total shipments to mainstream markets this week reached 238,000 mt, down 0.87% WoW. By market:

Chart-1: Mainstream Market Arrivals Comparison

Data source: SMM Steel

Shanghai market: Shipments to Shanghai increased slightly WoW. Specifically, shipments from east China and south China remained stable, while those from north China rose slightly and northeast China shipments pulled back slightly. Looking ahead, recent HRC prices showed relatively small fluctuations, downstream procurement enthusiasm remained weak, market views on future trends diverged, and purchase willingness stayed moderate. Short-term arrivals in Shanghai are unlikely to fluctuate significantly.

Chart-2: Shanghai Market Arrivals

Data source: SMM Steel

Lecong market: Shipments to Lecong continued declining WoW. On one hand, arrivals from north China remained stable; on the other, WG resources (previously scarce) increased this week. Going forward, mainstream steel mills maintain no shipment discounts in September, but mid-month production tends to prioritize specialty steels. Lecong arrivals may still have slight downside room.

Chart-3: Lecong Market Arrivals

Data source: SMM Steel

SMM releases weekly HRC shipment data for mainstream markets every Tuesday. Scan the QR code below to subscribe or access more data.