Henan's winter storage policy is being rolled out one after another, with mainstream locking prices at 3040 yuan/ton

Henan’s winter storage policies are being gradually implemented, with mainstream lock-in prices at 3040 yuan/ton. The post-settlement mode has been extended until the end of March, and some steel mills are choosing self-storage or on-demand delivery. Merchants have a low willingness to store for winter, generally stocking 1,000-2,000 tons. Based on current information, the market transactions have entered a seasonal off-peak period, and winter storage activities are nearing the end. Few customers are actively engaging in winter storage; most merchants are observing, believing that after the holiday, terminal operations start late, downstream demand recovers slowly, and cannot support current steel prices. Although steel mills significantly reduced production during the Spring Festival this year, merchants’ winter storage willingness has also dropped to a low point. This year’s winter storage clients and volume are lower than last year, reaching a new low in recent years. (Mysteel)