Total HRC stocks inched down, boosted by higher-than-expected demand

Published: Jan 22, 2024 11:14

Source: SMM

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HRC inventory totalled 3.108 million mt last week, down 0.81% WoW.

HRC inventory totalled 3.108 million mt last week, down 0.81% WoW. Social inventory creased hiking and took a downward turn, while in-plant stocks inched up. Looking at the future, HRC supply may increase, while downstream buyers in many regions may have holidays after January 20. Therefore, HRC inventory may pile up this week.

Inventory

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