[SMM Hot Rolled Steel Inventory Review: Inventory Continued to Decline This Week]

This week, the national inventory of hot rolled steel at 86 warehouses (large sample) tracked by SMM was 3.8612 million tons, down 85,200 tons or 2.16% from the previous week, but up 11.13% year on year.

In terms of regional breakdown, except for the Northeast market, the main regions in China all experienced a decrease in inventory. Among them, the decline in the Central China and North China markets was slightly larger than that in the South China and East China markets. Details as follows......