[SMM Steel] ASEAN hot-rolled coil prices have fallen but have yet to attract Vietnamese buyers

This week, HRC social inventory stood at 2.7057 million mt, an increase of 40,800 mt from the prior week, representing a 1.53% WoW gain, a 42.86% YoY increase, and a 39.69% rise on a lunar YoY basis. This week, HRC mill inventory was 1.0093 million mt, up 36,900 mt from the prior week, translating to a 3.80% WoW rise, but a 2.82% YoY decline and a 2.76% decrease on a lunar YoY basis. This week, total HRC inventory reached 3.715 million mt, up 77,700 mt from the prior week, for a 2.14% WoW increase, a 26.68% YoY rise, and a 24.88% gain on a lunar YoY basis.

According to SMM statistics, both mill and social inventories experienced varying degrees of buildup. Total building materials inventory reached 8.0193 million mt, up 226,600 mt or 2.91% MoM, signaling the emergence of an inventory inflection point.