HRC stocks ended six consecutive weeks of decline

Published: Jan 8, 2024 10:34

Source: SMM

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HRC inventory totalled 3.1103 million mt last week, up 1.17% WoW but down 6.5% YoY.

HRC inventory totalled 3.1103 million mt last week, up 1.17% WoW but down 6.5% YoY. Looking ahead, HRC output may hike this week, but then may decline in a future as some downstream producers will temporarily cease rushing to meet deadlines towards the Lunar New Year. Therefore, HRC stocks may pile up.

Inventory

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