SMM HRC Weekly: Robust Supply-Demand Dynamics Lead to Continued Decline in Social Inventory

[SMM HRC Weekly Balance & Social Inventory Overview] Strong Supply and Demand, Social Inventory Continues to Decline

This week, SMM's statistics for HRC social inventory across 86 warehouses nationwide (large sample) stood at 3.0676 million mt, down 99,300 mt (3.14% MoM), and down 22.15% YoY. This week, the national social inventory continued to decrease, with the decline expanding. By region, except for inventory buildup in north China and north-east China, east China, central China, and south China markets continued destocking. Detailed analysis...