[SMM Weekly Balance of Hot-rolled Coil and Inventory Overview] Supply Remains Strong While Demand Weakens, Inventory Accumulation Continues

According to SMM's statistics this week, the social inventory of hot-rolled coils in 86 warehouses across the country (large sample) reached 4,460,100 tons, representing an increase of 112,700 tons and 2.59% from the previous week. Compared with the same period last year, the increase was 15.57%. From a regional perspective, except for a slight decrease in inventory in central China and northeast China, inventory in south China, east China, and north China all showed an increase. Specifically...