SMM Hot-rolled Coil Inventory Report: Demand Performance Exceeds Expectations, Slight Inventory Reduction

This week, SMM's statistics show that the national inventory of hot-rolled coil in 69 warehouses (large samples) is 3.2584 million tons, a decrease of 62,200 tons from last week, a decrease of 1.87%, and the inventory has decreased again.

This week, domestic production of hot-rolled coil decreased slightly; affected by the recent weakening of prices, both terminal and spot market demands have been released to some extent. As a result, there has been a slight reduction in inventory this week. Looking at the regions, except for the South China market, inventories in East China, the northern region, and the central region have all decreased. For more details.....