[SMM Weekly Hot-rolled Steel Coil Supply-Demand Balance & Social Inventory Review] Supply Declines Slightly, Inventory Accumulation Rate Narrows

This week, the social inventory of hot-rolled steel coils in 86 warehouses (large sample) nationwide tracked by SMM reached 4.7352 million tonnes, up 94,700 tonnes or 2.04% from the previous week, and up 25.33% year-on-year based on the new calendar. By region, except for a slight decrease in inventory in South China and Northeast China, inventories in East China, North China, and Central China all showed an increase. In detail...