[SMM HRC Arrivals] Arrivals Edged Up WoW This Week

SMM Steel, September 1 – According to SMM statistics, total shipments of mainstream market resources this week are estimated at 196,400 mt, up 14.65% WoW. By market:

Table 1: Mainstream Market Arrivals Comparison

Data source: SMM Steel

Shanghai market: HRC shipments in the Shanghai market increased WoW this week. Specifically, arrivals of northern resources edged up; arrivals of southern China resources increased from last week's low base as the impact of the typhoon weakened. Looking ahead, a new typhoon is brewing, and shipping capacity along the eastern coast may still be affected, so arrivals in Shanghai may fluctuate next week.

Chart-1: Shanghai Market Arrivals

Data source: SMM Steel

Lecong market: Shipments to Lecong declined this week. Specifically, arrivals from northern China continued to decrease, while mainstream southern China resources remained largely stable. Overall, arrivals edged down WoW. Looking ahead, large volumes of northern resources are unlikely to arrive in the short term, and local mainstream resources may see changes in arrivals due to the typhoon. Arrivals in southern China are expected to narrow slightly in the short term.

Chart-2: Lecong Market Arrivals

Data source: SMM Steel

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