["Post-holiday hot-rolled coil inventory in northern cities may still maintain a downward trend"]
Moving forward, due to the notable rise in hot-rolled coil prices this week, profits in the sector have recovered, boosting steel mills' production enthusiasm. Furthermore, according to SMM research, the impact of hot rolling maintenance next week will be 179,600 tonnes, a decrease of 124,200 tonnes from this week on a week-over-week basis, indicating an increase in supply pressure for hot-rolled coils. Coupled with the fact that restocking demand before the National Day holiday has largely been fulfilled, downstream buyers have reverted to a more rational procurement strategy for hot-rolled coils, opting for purchases based on actual demand before the holiday. Consequently, the pace of inventory reduction for hot-rolled coils in northern cities may slow down. However, the market dynamics post-holiday may differ, as some downstream terminals may have replenishment needs after the consumption during the holiday period...

![Цены на магний растут три сессии подряд! Стоимостная сторона остаётся «раскалённой», в то время как сторона спроса с трудом перенимает инициативу [Комментарий SMM]](https://imgqn.smm.cn/usercenter/EutUV20251217171724.jpeg)
![[SMM запасы коксующегося угля и кокса] На этой неделе запасы кокса на коксохимических предприятиях составили 449 тыс. тонн](https://imgqn.smm.cn/usercenter/EXHJE20251217171720.jpg)
