HRC Social Inventory Declines Amid Persistent Demand Resilience

[SMM HRC Weekly Balance & Social Inventory Overview] Demand Remains Resilient, Social Inventory Buildup Does Not Continue

This week, SMM's statistics for HRC social inventory across 86 warehouses nationwide (large sample) stood at 2.9777 million mt, down 40,900 mt (-1.35% MoM, -20.90% YoY based on the lunar calendar). Social inventory declined this week nationwide. By region, inventory buildup accelerated in the north China market, while destocking occurred in the south, central, east, and north-east China markets. Specifically...