[SMM Weekly Hot-rolled Steel Coil Inventory Balance & Social Inventory Inventory Check] Demand Remains Sluggish in the Off-season, with Significant Accumulation in Social Inventories

According to SMM statistics this week, the national social inventory of hot-rolled steel coils in 86 warehouses (large sample) stands at 4.4601 million tons, up 112,700 tons from the previous week, representing a week-on-week increase of 2.59%, and a year-on-year increase of 15.57% based on the new calendar year. Regionally, except for a slight decrease in inventory in the Central China and Northeast markets, the South China, East China, and North China markets all showed increases in inventory. Specifically...