SMM Analysis: Lecong HRC Inventory Declines for 13 Weeks, But Risk of Buildup Persists

【SMM Analysis: Lecong HRC Inventory Decreases for 13 Consecutive Weeks - Has It Finally Peaked This Week?】

Due to the price spread advantage, local mainstream steel mills currently prefer to ship to South China, coupled with some ongoing shipments from the north, the supply in Lecong is expected to remain high. However, there are signs that demand may weaken over time. According to SMM's forecast, given the strong supply and weak demand scenario, there is still a risk of continued inventory buildup for Lecong HRC.