[SMM Hot-rolled Steel Coil Inventory Report: Affected by the holiday, this week's social inventory has accumulated]

This week, SMM's statistics showed that the social inventory of hot-rolled steel coils in 86 warehouses (large sample) across the country was 4.0442 million tons, up 138,200 tons from the previous week, representing a week-on-week increase of 3.54%, and a year-on-year increase of 13.39% on a Gregorian calendar basis.

Regionally speaking, due to the holiday, inventories in various markets have accumulated this week, among which South China, North China, and Northeast China have seen relatively large accumulations, while East China and Central China have seen small accumulations. To elaborate...