Planned HRC Output Across 39 Mainstream Steel Mills Totals 13.69 Million mt in Feb

SHANGHAI, Feb 13 (SMM) - Downstream and terminal companies held a strong wait-and-see sentiment. The overall HRC demand was acceptable. Traders in many places reflected that the processing enterprises were willing to purchase low-priced goods, and the transactions of high-priced HRC were sluggish. On the supply side, HRC output rose slightly WoW last week with more steel mills resuming production from maintenance. On the demand side, last week, some mainstream market demand was gradually released, pushing up the trading volume of HRC. In February, according to SMM survey, the planned HRC output across 39 mainstream HRC steel mills totals 13.69 million mt, and the daily average output rises slightly compared to January. Recently, the HRC export window has opened again, which may support the HRC prices to a certain extent in the short term.