Publicado: Oct 29, 2023 11:01
SMM Steel News, October 26: Total hot-rolled coil inventory this week was 3.6554 million tons, down by 121,800 tons from last week, a decrease of 3.22% year-on-year and an increase of 27.81%. Hot-rolled coil total inventory, social inventory and plant inventory have maintained a downward trend for three consecutive weeks, and the rate of destocking has expanded. On the supply side, hot-rolled coil production continued to decline this week. On the demand side, the price of hot-rolled coil this week showed a "V" shaped trend, stimulating terminal demand at high prices, which overall led to the continued destocking of social inventory.

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SMM Steel News, October 26: Total hot-rolled coil inventory this week - Shanghai Metals Market (SMM)