Hot-Rolled Steel Coil Inventories Dive 5.42% Week-on-Week, Led by Declines in Key Regions

[SMM Weekly Hot-rolled Steel Coil Supply and Demand Balance & Social Inventory Summary] Low Supply Levels Continue to Drive Down Social Inventories in the Third Week Post-Holiday

This week, SMM's statistics revealed that the total social inventory of hot-rolled steel coils in 86 warehouses (large sample) across the country amounted to 3.8743 million tonnes, representing a decrease of 222,200 tonnes or 5.42% from the previous week and a year-on-year decrease of 10.95% based on the Gregorian calendar. Social inventories nationwide have declined to varying degrees this week, with the most significant drops still observed in East China, South China, and North China. In detail...