SMM Hot Coil Social Inventory Inventory: Terminal transactions active, social inventory digestion trend good

This week, SMM statistics showed that the national inventory of hot coil in 86 warehouses (large sample) was 4.416 million tons, a decrease of 199,200 tons or 4.32% compared to the previous week, and a decrease of 6.56% compared to the same period of the lunar calendar.

In terms of regions, the North China, East China, and Central China markets continued to see good inventory reduction, while the South China market saw a turning point in inventory reduction, and the inventory in the Northeast increased slightly. For more details...