Data: SHFE, DCE market movement (Apr 15)

[SMM Daily HRC Trading] On April 15, the combined daily HRC trading volume of SMM's sample enterprises across four cities (Shanghai, Lecong, Tianjin, and Ningbo) totaled 16,200 mt, up 810 mt DoD (+5.3%), up 46.74% YoY (solar calendar), and up 19.21% YoY (lunar calendar).

Raw material prices strengthened today, driving finished steel prices to edge up. The most-traded hot-rolled coil contract closed at 3,290 at the end of the session, up 0.34%. Spot market side, quoted prices in multiple regions edged up accordingly. Cold-rolled side, cold-rolled prices mostly held steady today, with no obvious follow-up gains yet. Going forward, short-term bearish factors on the ore side have been fully priced in, and coking coal and coke prices trended stronger, providing relatively strong cost support in the near term. Hot-rolled coil fundamentals side, inventory drawdowns this week were expected to accelerate WoW, with limited accumulation of supply-demand imbalance. The most-traded hot-rolled coil contract was expected to move sideways in the short term.

Shanghai Construction Group announced that from January to March 2026, the company and its subsidiaries cumulatively signed new contracts totaling 60.374 billion yuan. The specific contract amounts were as follows: construction (50.339 billion yuan), design and consulting (1.973 billion yuan), construction steel industry (4.476 billion yuan), real estate development (1.044 billion yuan), urban construction investment (1.09 billion yuan), and others (1.452 billion yuan). In Q1, the company won bids for major construction projects (each valued at over 500 million yuan) totaling 8.528 billion yuan.