【SMM Hot Coil Inventory Check: Holiday and Shipping Impact This Week Ends the 12-Week Trend of Inventory Decline】

This week, SMM's statistics show that the national social inventory of hot coil in 69 warehouses (large sample) is 3.264 million tons, an increase of 62,800 tons compared to last week, with a growth rate of 1.96%, ending the 12-week trend of inventory decline.

This week, domestic hot coil production has decreased; coinciding with the New Year holiday, coupled with weakening demand in the northern region, overall transactions have significantly declined compared to last week, leading to a slight accumulation of inventory this week. By region, this week's inventory in the South and East China markets has seen a slight decrease, while the Northeast, North China, and Central China have all experienced an accumulation of inventory compared to the previous week. For more details...