As supply and demand for construction steel were not fully matched across different markets, regional supply-demand mismatches created price differentiation, which in turn drove the cross-regional circulation of steel resources. When the regional price spread gradient was appropriate, regions with surplus construction steel capacity and production often shipped excess resources out, thereby rebalancing construction steel resources across regions.

This week (March 13, 2026–March 19, 2026), multiple enterprises in the solid-state battery sector were active: Dali Times commenced construction of a 2 GWh specialized semi-solid-state battery base; EVE’s Longquan Phase III/IV all-solid-state batteries rolled off the line in Chengdu; Chery released its 600 Wh/kg Rhino all-solid-state battery technology。

Hangzhou's inventory this week was 1.079 million mt, down 44,000 mt WoW, a decrease of 3.92% WoW.

On February 26, German Chancellor Merz arrived in Hangzhou, Zhejiang by plane and continued his China visit by taking a Hongqi car. During his stay in Hangzhou, the German delegation will engage with 10 Chinese enterprises, including those from the AI, humanoid robot, and NEV sectors.

[SMM Steel] Hangzhou Building Materials on the 7th: In the morning session, mainstream quotations in the spot market fell by 30. Zhongtian rebar was priced at 3,190, and Zhongtian coiled rebar was priced at 3,440. For detailed quotations of various brands in Hangzhou, please visit the SMM official website: https://steel.smm.cn/steel/020?city=2 for free access.

Hangzhou: Employees Who Purchase Affordable Housing Can Withdraw Housing Provident Fund to Pay Down Payment and Other Housing Costs. Recently, the Hangzhou Housing Provident Fund Management Committee issued a notice on optimizing and improving several policies regarding housing provident fund withdrawals. It mentioned strong support for employees purchasing affordable housing. Employees who purchase affordable housing can withdraw their housing provident fund to pay the down payment and other housing costs, with the cumulative withdrawal not exceeding the total housing cost. For those using housing provident fund loans to purchase housing, the sum of the withdrawal and loan amount shall not exceed the total price of the purchased housing. The effort to withdraw housing provident fund for renting has been increased. Employees renting public rental housing or affordable rental housing can withdraw their housing provident fund based on actual rental expenses. Housing provident fund management centers are encouraged to cooperate with housing rental agencies to provide employees with stable rental resources and more preferential conveniences. Withdrawals can be made based on actual rental expenses according to the housing rental contract information. If the actual rental expenses exceed the rental withdrawal limit by 50%, the withdrawal can be made at 50% above the rental withdrawal limit. The conditions for employees to withdraw their housing provident fund upon resignation have