[SMM Weekly Maintenance Statistics] According to SMM statistics, this week (June 13 to June 19), the hot metal impact from blast furnace maintenance amounted to.....

According to foreign media reports, Novelis restarted its hot-rolling operations at its Oswego aluminum plant in New York State on Wednesday. Fires broke out at the factory in September and November 2025, and production has been suspended for nine months, triggering a supply crisis for U.S. automakers. Novelis has about a dozen automaker customers - Ford, General Motors, Strantis and others. Novelis said it is accelerating the rollout of standardized operating systems at the plant. The company's new rolling mill in Alabama is expected to be operational by the end of the year, which will further expand Novelis' production scale.

The most-traded HRC contract fluctuated downward today, closing at 3,358, down 0.33% MoM. Spot sheets & plates fell 10-20 yuan/mt MoM, while some markets held steady. Supply side, hot rolling maintenance impact eased this week, weekly production rose 10,500 mt MoM, and supply pressure remains on a short-term uptrend. Demand side, the late-session decline weighed on market sentiment, with end-users buying at low prices and speculative demand weakening. Cost side, the spot market for coking coal and coke remained in a tight supply-demand balance. The sixth round of coke price increases was implemented, and futures prices are currently in the process of repairing losses. There are market talks of a seventh round of increases on the 12th, and cost support remains in place. In summary, based on HRC social inventory data, east China and south China markets saw MoM inventory buildup, while northeast, north China, and central China markets saw MoM destocking. No obvious supply-demand imbalance has emerged yet. However, as the off-season deepens, imbalances will continue to build. The market is expected to remain rangebound in the short term. Keep monitoring disturbances from the raw material side.

Today, HRC’s the most-traded contract fluctuated downward, closing at 3,380 yuan/mt, up 0.6% from the previous trading day. Spot sheets & plates prices rose 10-20 yuan/mt from the previous trading day. In terms of supply, this week, the impact from maintenance on hot rolling totaled 74,100 mt, down 156,400 mt WoW. Next week’s impact from maintenance on hot rolling is expected at 23,100 mt, down 51,000 mt WoW. Supply pressure sustained its uptrend this month. Demand side, futures rebounded near the close, improving market trading from the previous trading day. Trading was mostly at low prices, with some buyers taking advantage of the spot-futures price spread to purchase on dips. Cost side, near the close today, market rumors suggested that a major mine signaled a halt on certifying blended super special fines, driving iron ore futures to surge. However, subsequent rumors refuted this, causing futures to fluctuate sharply. For coking coal and coke, the spot market saw tight supply-demand dynamics, and they are expected to recover some losses in the short term. Overall, according to the regional HRC inventory data released today, except for South China, most regions maintained destocking. The supply-demand imbalance remains not significant, and they are expected to continue their sideways trend in the short term, with attention on disruptions in the raw material supply.

SMM Cold Rolling Production Schedule: June Steel Mill CR Schedule Up 3%, Daily Average Schedule Up 7% According to the latest SMM tracking, the planned total volume of commercial CR products from 31 mainstream CR sheet mills this month stands at 4.2132 million mt, up 124,900 mt or 3.1% from last month's actual outpu On a daily basis, June has one fewer day than May, with the average daily CR commercial products schedule for June reaching 140,400 mt, up 6.5% MoM from last month's actual daily average output. SMM HRC Production Schedule: June HRC Production Schedule Down 0.5% MoM, Daily Average Up 3% According to the latest SMM tracking, the planned commercial HRC volume of 39 mainstream steel mills this month totals 13.2679 million mt, down 69,000 mt or 0.5% from the actual commercial HRC production last month. On a daily average basis, as June has one day less than May, the daily average commercial HRC production schedule stands at 442,300 mt, up 2.8% MoM from the actual daily average production of May. In June, as some steel mills that underwent earlier maintenance gradually resumed production, coupled with HRC profit margins being relatively better than those of rebar in most regions, the total HRC production schedule volume saw relatively small fluctuations MoM compared with the actual level in May. As June has fewer days than May, on a daily average basis, the HRC production schedule increased MoM. Summary: Total hot-rolled commercial material production schedules at steel mills in June were basically flat MoM. As June has fewer days than May, the daily average production schedule edged up MoM. Demand side, with the arrival of the off-season for steel consumption, end-use demand is expected to gradually weaken in June, and HRC inventory may see an inventory buildup inflection point in late June. Other aspects, short-term ferrous metals ore, coke, and steel price trends have diverged. As steel's own demand is under pressure, its price initiative is weak. Monitor whether there are new drivers from the raw material coal and coke side to cause finished steel prices to follow in fluctuating. HRC prices are expected to move sideways within a range in June, with limited upside and downside room.

[SMM Weekly Maintenance Statistics] According to SMM statistics, this week (June 6 to June 12), the volume of hot metal impacted by blast furnace maintenance was...