SMM HRC Weekly: Slight Supply Recovery Narrows Social Inventory Decline

[SMM HRC Weekly Balance & Social Inventory Overview] Supply Recovered Slightly, Social Inventory Decline Narrowed

This week, the SMM statistics for HRC social inventory across 86 warehouses nationwide (large sample) was 3.2408 million mt, down 145,300 mt (4.29% MoM), and down 20.99% YoY. This week, the national social inventory continued to decrease, but the decline narrowed. By region, the markets with significant decreases were east China, south China, and north China. For more details...