Short-term HRC prices to Fall

SHANGHAI, Mar 27 (SMM) - The apparent demand for HRC fell WoW last week. The terminal demand grew more slowly on the falling prices and weather conditions. According to SMM statistics, the HRC inventory totalled 3.57 million mt last week, down 2.87% WoW. HRC output is expected to rise this week on the subsiding maintenance impact. Coking coal and iron ore supply is expected to grow, hence the short-term HRC prices will remain rangebound with some downward potential.