Data: SHFE, DCE market movement (Apr 24)

[SMM Daily HRC Trading] On April 24, the combined daily HRC trading volume of SMM's sample enterprises across four cities (Shanghai, Lecong, Tianjin, and Ningbo) totaled 15,860 mt, down 1,230 mt DoD, or -7.2%. On a solar calendar YoY basis, the volume was up 49.06%, and on a lunar calendar YoY basis, up 45.91%.

【SMM Steel】Malaysia's Eastern Steel obtained an EPDItaly certification for its HRC. Issued on Mar 26, 2026, valid until Mar 26, 2031. The steel serves diverse industries including construction, auto, machinery, shipbuilding, and pipe production. The successful audit provides the company with its second EU-recognized EPD. By obtaining this verification, ESSB advances its presence within the EU's green product system while validating the environmental profile of its manufacturing process.

【SMM Steel】Marubeni-Itochu Steel America Inc. plans to build a new flat rolled steel processing facility in Osceola, Arkansas, with total investment exceeding $37m. The plant will be adjacent to Big River Steel. It will be operated by MISA Specialty Processing, a subsidiary of MISA. The investment is expected to generate 35 new jobs. The new processing center will serve end-use sectors including automotive, providing processed flat rolled steel products. The project is expected to strengthen supply chain capabilities. MISA stated the investment supports its strategy to expand in North America.