SMM Weekly Hot-Rolled Coil Report: Minor Production Rebound, Social Inventory Decline Narrows

**[SMM Weekly Hot-Rolled Coil Balance & Inventory Overview] Minor Production Rebound; Continued Narrowing Decline in Social Inventory**

This week, SMM's statistics on the social inventory of hot-rolled coils in 86 warehouses nationwide (large sample) totaled 3,569,600 tonnes, a decrease of 138,000 tonnes or 3.72% from the previous week, and a year-on-year decrease of 14.28% based on the lunar calendar. This week, the nationwide social inventory continued to decline, with the rate of decrease narrowing further. Regionally, the markets with significant declines were South China, North China, and East China. In detail...