SMM Hot-rolled Steel Coil Inventory Update: Shanghai Sees Narrower Decline This Week

【SMM Hot-rolled Steel Coil Regional Inventory: Shanghai Inventory Decline Narrows This Week】

This week, Shanghai's hot-rolled steel coil inventory stood at 381,400 tonnes, a decrease of 5,600 tonnes or 1.45% compared to the previous week. On a solar calendar year-over-year basis, the decline was 39.43%, and on a lunar calendar year-over-year basis, the decline was 43.64%.