[SMM Hot-Rolled Arrivals] Shipments to Major Markets Declined WoW  

SMM Steel, January 27 – According to SMM statistics, estimated total shipments to mainstream markets this week reached 240,820 mt, down 4.90% WoW. By market:

Table 1: Comparison of Arrivals in Major Markets

Data source: SMM Steel

Shanghai market: Shipments to the Shanghai market fluctuated rangebound WoW. Specifically, shipments from northern and east China markets were basically flat, while shipments from mainstream resources in south China declined slightly. Looking ahead, as year-end approaches, market transactions weakened. Steel mill shipments before the holiday are expected to remain stable, with limited fluctuation range.

Chart 1: Arrivals in Shanghai Market

Data source: SMM Steel

Lecong market: Shipments to the Lecong market remained stable WoW. Specifically, both north China and local resources maintained relatively steady levels, with no significant change in overall arrivals. Going forward, whether due to regional price spreads or overseas order considerations, shipments of mainstream resources are not expected to change significantly. Therefore, arrivals in the south China market are likely to fluctuate rangebound in the short term.

Chart 2: Arrivals in Lecong Market

Data source: SMM Steel

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