[SMM Hot-Rolled Arrivals] Arrivals in the East China Market Increased WoW This Week

SMM Steel News, April 7: According to SMM statistics, estimated total shipments from mainstream markets this week were 182,800 mt, up 8.68% WoW. By market:

Table 1: Mainstream Market Arrivals Comparison

Source: SMM Steel

Shanghai market:Shipments of HRC in the Shanghai market increased WoW this week. Specifically, shipments from northeast and east China steel mills were basically stable, shipments of north China resources edged up slightly, and mainstream steel mills in south China shipped less last week but rebounded this week WoW. In the short term, the Shanghai market has shown limited price advantages recently, coupled with sluggish inventory destocking, traders' ordering enthusiasm remained subdued, and steel mill shipments were mainly stable. Shipments to the Shanghai market next week are expected to have limited WoW fluctuations.

Chart-1: Shanghai Market Arrivals

Source: SMM Steel

Lecong market:Shipments to Lecong decreased slightly WoW this week. Specifically, local mainstream resources showed no significant WoW change, while north China resources declined slightly. Going forward, the local mainstream steel mill WG is expected to continue fulfilling export and specialty steel orders, making it difficult for domestic trade shipments to increase significantly in the short term, so arrivals are expected to remain at relatively low levels in the near term.

Chart-2: Lecong Market Arrivals

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Source: SMM Steel

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