[SMM Sheets & Plates Daily Review] No Change in the Short-Term Fluctuation Pattern for Sheets & Plates

Published: Mar 19, 2026 17:14

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HRC futures consolidated at highs today, with the most-traded contract closing at 3,302, down 0.36% for the day. Spot market, prices in most major markets were largely stable. In terms of supply, production resumed in North China, and HRC production rebounded by 30,700 mt WoW this week, with further increases expected later. Demand side, end-users made normal purchases after the holiday, gradually rising to seasonal levels. In terms of raw materials, ongoing disruptions outside China continued to support costs. Overall, HRC remained in a pattern of simultaneous recovery in both supply and demand in the short term. Social inventory fell by 36,300 mt WoW this week, and total inventory also reached an inflection point, in line ....

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