Hot Rolled Coil Market Outlook: Supply-Demand Imbalance Eases, Prices Strengthen Amid Production Adjustments and Macro Tailwinds

Publicado: Sep 2, 2024 07:30
【SMM Steel Morning Meeting Summary: Contradiction between Supply and Demand of Hot Rolled Coils May Continue to Ease, Prices Expected to Strengthen】 Moving forward, steel mills have recently formulated production shift plans due to profit issues, and it is anticipated that short-term production may experience a slight decline. Before the peak season demand is proven false, it is expected to maintain the current release intensity, thus indicating that inventories may continue to decrease this week. On the raw material side, according to SMM research data, molten iron production may rebound from its bottom this week, and demand support on the cost side is likely to stabilize. Comprehensively, the contradiction between supply and demand of hot rolled coils is expected to continue to ease. Coupled with a relatively favorable macroeconomic environment both domestically and internationally, the HC2501 contract is projected to undergo a relatively strong oscillation process...

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【SMM Steel Morning Meeting Summary: Contradiction between Supply and D - Shanghai Metals Market (SMM)