SMM Report: Zhangjiagang Hot Rolled Coil Inventories Surge 11.28% Weekly, Prices Remain Under Pressure

【SMM Zhangjiagang Hot Rolled Coil Inventory: Prices Continue to Weaken, and Inventory Growth Expanded this Week in Zhangjiagang】

This week, the hot rolled coil inventory in Zhangjiagang reached 513,000 tonnes, up 52,000 tonnes or 11.28% from the previous week; a year-on-year increase of 21.28% based on the Gregorian calendar and 66.56% based on the Lunar calendar.