SMM Hot Coil Social Warehouse Inventory: Hot Coil Social Warehouse Inventory Increased by 3.27% Year-on-Year, Basically Meeting Expectations

This week, SMM statistics showed that the nationwide 69 warehouses (large sample) had a social inventory of 4.9857 million tons of hot coils, an increase of 1.0951 million tons compared to the pre-holiday period, an increase of 28.15%.

This week, coinciding with the first week after the holiday, spot prices were sluggish and the enthusiasm for terminal procurement was not strong. The hot coil social warehouse inventory increased by 3.27% year-on-year, basically meeting expectations. Looking at the regional breakdown, the accumulation of inventory in South China and North China was relatively large. For more details...