HRC Futures Prices Closed Up 0.55% At 3,825 Yuan/Mt.

HRC futures prices closed up 0.55% at 38,25 yuan/mt. In the spot market, the mainstream quotations of HRC in China fell by 10-39 yuan/mt, and the transactions in many places were weak. From the perspective of the supply side, according to SMM statistics, the current profit level of steel mills recovered slightly, boosting their enthusiasm for production, and the supply pressure increased. At present, terminal demand remained sluggish. Influenced by the increase in shipments in some areas, the inventory in East China and North China increased significantly. Today, due to environmental protection, Tangshan required stricter control measures on the basis of existing control measures. In the short term, it may be a positive factor. HRC market is expected to fluctuate in a short run term.