[SMM Hot-Rolled Steel Arrivals] Holiday Period Sees Significant Increase in Arrivals at Mainstream Markets  

SMM Steel, February 24 – According to SMM statistics, the estimated total shipments to mainstream markets this week reached 302,700 mt, up 50.90% WoW. By market:  

Table 1: Comparison of Arrivals at Mainstream Markets  

Data source: SMM Steel  

Shanghai Market: Shipment levels increased slightly during and immediately after the holiday. Shipments from steel mills in Northeast and East China remained stable, with the main increase coming from mainstream mills in South China. Short-term, as demand gradually picks up starting this week, steel mill shipments are expected to increase slightly further.  

Chart 1: Arrivals at Shanghai Market  

Data source: SMM Steel  

Lecong Market: Shipments to Lecong increased significantly WoW. Specifically, shipments from North China increased slightly, while shipments from some local mainstream mills rose noticeably due to constrained export orders and maintained normal production during the holiday. Going forward, overall shipment levels are expected to gradually return to normal after the holiday, with some downside room MoM.  

Chart 2: Arrivals at Lecong Market  

Data source: SMM Steel  

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