【SMM Hot Rolled Coil Social Inventory Review: Weak Demand, Hot Rolled Coil Social Inventory in the Country Heading for Accumulation】

This week, SMM counted the social inventory of hot rolled coil in 86 warehouses (large sample) across the country at 3.8829 million tons, an increase of 21,700 tons from the previous week or 0.56% on a week-on-week basis, and an increase of 13.14% on a year-on-year basis according to the new calendar.

Regionally speaking, except for the East China and Central China markets which saw a decrease in inventory, the South China, North China, and Northeast China markets all presented an increase in inventory. Detailed analysis......