In-House Trading of HRC in February may Increase Slightly

SHANGHAI, Feb 9 (SMM) - In February, the domestic sales of hot-rolled coils are 12.8155 million mt. The daily sales were 457,700 mt, up 15,400 mt or 3.48% from 442,300 mt in January. Overseas inflation has gradually ushered in an inflection point. Coupled with the optimised domestic pandemic prevention and control measures, the market players have strong expectations for the economy and consumption in 2023. As such, the steel mills are active in production. In addition, the steel mills intend to export HRC due to the overseas mismatch of supply and higher the export profits. The daily sale in domestic market increases slightly from January.