Hot-Rolled Coil Market Faces Rising Fundamental Contradictions, Inventory Reduction Challenges Intensify in Northern Cities

[Fundamental contradictions may further accumulate, and it will be more difficult to reduce hot-rolled coil inventories in northern cities]

Regarding subsequent developments, according to SMM research, the impact of hot-rolled coil maintenance and repairs next week will be 225,400 tonnes, a decrease of 3,300 tonnes from this week. There is no significant reduction in hot-rolled coil supply next week, and the traditional peak season has not led to an improvement in market demand. Instead, apparent demand has begun to shrink, which may further exacerbate the overall contradictions in the fundamentals of hot-rolled coils. It will be more difficult to reduce hot-rolled coil inventories in northern cities...