[SMM Hot-Rolled Steel Arrivals] Arrivals in Major Markets Continued to Decline This Week  

SMM Steel, February 3 – According to SMM statistics, estimated total shipments to mainstream markets this week were 235,300 mt, down 2.28% WoW. By market:  

Table 1: Comparison of Arrivals in Mainstream Markets  

Data source: SMM Steel  

Shanghai market: Shipments in the Shanghai market declined narrowly WoW. Specifically, shipments from mainstream resources in Northeast China decreased, while those from North and East China remained stable, and shipments from mainstream steel mills in South China increased slightly. Looking ahead, with the Chinese New Year approaching, transactions in various markets gradually weakened, and steel mill shipments had limited room for fluctuation.  

Chart 1: Arrivals in the Shanghai Market  

Data source: SMM Steel  

Lecong market: Shipments to the Lecong market increased slightly WoW. Specifically, shipments of resources from North China remained stable, while shipments of local mainstream resources increased WoW, leading to a slight overall increase in arrivals. Looking ahead, steel mills have started winter stockpiling shipments, and mainstream resource shipments showed no significant changes, so arrivals in the South China market are expected to fluctuate narrowly in the short term.

Chart 2: Arrivals in the Lecong Market  

Data source: SMM Steel