[SMM Hot-Rolled Coil Daily Trading] Spot Cargo Trading Continued to Recover

Published: May 29, 2026 18:00

Save

[SMM Hot-Rolled Coil Daily Trading] On May 29, the combined daily trading volume of hot-rolled coil from SMM's sample enterprises across four cities (Shanghai, Lecong, Tianjin, and Ningbo) totaled 14,460 mt, up 1,870 mt DoD (+14.9%), up 41.49% YoY (solar calendar), and up 45.91% YoY (lunar calendar).

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

7 hours ago

[Government to Fund India's First Hydrogen-Based DRI Pilot Plant]

The Indian government will fund around USD12 million of a USD22 million pilot project to build India's first fully hydrogen-based direct reduced iron (DRI) plant, aimed at cutting steel-sector carbon emissions. Led by CSIR with IMMT, the project targets completion by August 2029, focusing on adapting hydrogen-DRI technology to India's low-grade hematite ore — a tougher challenge than the higher-grade magnetite used in global projects. Unlike private players experimenting with partial hydrogen use, this plant will run on 100% hydrogen via a vertical shaft furnace. For now, green hydrogen costs around USD5/kg (needs to fall to USD1/kg for viability), keeping green steel approximately USD200/tonne costlier than conventional steel.

7 hours ago

[SMM HRC Arrivals] Arrivals increased WoW this week

7 hours ago

8 hours ago

MMi Daily Iron Ore Report (September 15)

Iron ore futures were weaker today. The DCE most-traded I2701 contract settled at 707.5 yuan/mt, down 0.56% from the previous session. Qingdao port spot prices were mixed, ranging from down 3 yuan/mt to up 2 yuan/mt. Traders were reluctant to offer and some mills bought on dips. Spot trading was thin.

8 hours ago