China HRC Stocks down 0.88% on Week

SHANGHAI, Mar 2 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 4.03 million mt as of March 2, down 35,700 mt or 0.88% from a week ago, a gain of 13.46% on the year.

The inventory across social warehouses was 3 million mt, down 10,900 mt or 0.36% from a week ago, a gain of 15.94% on the year.

The in-plant inventory of steel makers totalled 1.02 million mt, down 24,900 mt or 2.37% from a week ago, and a gain of 6.69% on the year.