"SMM Hot Coil Social Warehouse Inventory: Low-cost procurement still viable, Social warehouse inventory has decreased for 7 consecutive weeks

This week, SMM statistics show that the national 69 warehouses (large sample) hot coil social inventory is 3.828 million tons, a decrease of 106,100 tons from last week, a decrease of 2.70%, and it has maintained a decreasing trend for 7 consecutive weeks.

This week, domestic hot coil production has slightly decreased; in terms of demand, this week, the hot coil futures and spot prices have fluctuated at high levels, and the purchasing activity of end-users in mainstream markets such as East China and South China has increased, leading to a faster decrease in inventory this week. In terms of regions, except for the North China market, inventories in other markets have all decreased to varying degrees. For more details..."