Hot-Rolled Steel Coil Inventories Narrow Growth, Signaling Market Shift or Temporary Respite?

[SMM Weekly Hot-rolled Steel Coil Balance & Social Inventory Review] Darkness Before Dawn or Trap? This Week's Social Inventory Growth Narrows!

This week, SMM's statistics on the social inventory of hot-rolled steel coils in 86 warehouses (large sample) nationwide totaled 4.8681 million tonnes, with a MoM increase of 9,000 tonnes, or 0.19%, and a YoY increase of 21.65% based on the Gregorian calendar. Regionally, the northeast and southern China markets have begun to reduce their inventories, while the eastern, central, and northern China markets are still accumulating inventories, albeit at a narrower rate. In detail...