Policy Expectations Boost HRC Transactions; Northern Inventory May Fluctuate Amid Snow, Maintenance

Policy Expectations Are Positive; HRC Inventory in Northern Cities May Fluctuate Rangebound Next Week

Heavy snow and low temperatures may have a more pronounced impact, and downstream terminals may continue to purchase as needed. However, with domestic political and economic meetings concentrated next week, favorable policies may be introduced to stimulate speculative demand, leading to a slight improvement in overall HRC transactions. In terms of supply, according to the SMM survey, the impact of hot rolling maintenance next week is expected to be 32,800 mt, down 78,400 mt MoM from this week...