SMM Weekly Report: HRC Social Inventory Rose 8.92% MoM Amid High Supply Pressure

[SMM Weekly HRC Balance & Social Inventory Overview] High Supply Pressure, Inventory Continued to Build Up in the Second Week After the Holiday

This week, SMM's statistics for HRC social inventory across 86 warehouses nationwide (large sample) stood at 4.452 million mt, up 364,700 mt (+8.92% MoM, -14.01% YoY on a lunar calendar basis). In the second week after the holiday, national social inventory continued to build up, with larger increases observed in east, south, and north China markets. Specifically...