Data: SHFE, DCE market movement (Apr 21)

Zhangjiagang HRC inventory was 345,000 mt this week, down 17,000 mt WoW, a decline of 4.70%; the YoY decline was 12.66% on a solar calendar basis and 21.59% on a lunar calendar basis.

[Yongsteel 2026 Period 4-3 Ordinary Steel Price Adjustment] Yongsteel 2026 Period 4-3 construction steel price adjustment: rebar remained stable, wire rod was cut by 50 yuan/mt; current prices were rebar 3,450 yuan/mt, plain wire rod 3,650 yuan/mt, and coiled rebar 3,650 yuan/mt; retroactive subsidies for Period 4-2 were rebar 195 yuan/mt and wire rod 270 yuan/mt; the current period's electronic bank acceptance monthly discount rates were 0.91‰ for Category I and II banks, 1.01‰ for provincial city commercial banks, and 1.21‰ for Category III and IV banks. [SMM Steel]