SMM

[SMM HRC Weekly Balance & Social Inventory Analysis] Strong Supply and Demand, Noticeable Slowdown in Social Inventory Accumulation in the Third Week After the Holiday! Currently, steel mills are maintaining high production enthusiasm, with HRC production remaining at elevated levels. During this period, futures bottomed out, market trading sentiment improved, and combined with the gradual resumption of end-user production, market transactions showed significant improvement. With strong supply and demand, social inventory continued to accumulate, but the rate of increase narrowed significantly. Looking ahead, some steel mills are considering new maintenance plans, which may ease supply pressure, while end-use demand is being released steadily. It is expected that the hope for nationwide social inventory reduction in the short term will increase...