【The decline in demand is slightly faster than the supply, and the hot-rolled steel market is under pressure of inventory accumulation】

Overall, the impact of the slack season still exists, and demand may further decline. However, the adjustment in supply is not timely. According to SMM's survey, the impact of hot rolling maintenance next week will be 151,200 tons, a decrease of 10,000 tons compared with this week. The pressure of supply still exists. Even though the fundamentals of hot-rolled steel currently show a weak supply and demand situation, the decline in demand is slightly faster than the supply, and the hot-rolled steel market still faces pressure of inventory accumulation. In the following days, the hot-rolled steel inventory in northern cities may see a slight accumulation...