This week, SMM statistics showed that the HRC social inventory across 86 warehouses nationwide (large sample) reached 3.8517 million mt, up 756,800 mt WoW (+24.45% WoW) and down 25.03% YoY based on the lunar calendar.
In the first week after the holiday, social inventories nationwide experienced an overall buildup. By region, the inventory buildup was more significant in the markets of east China, south China, and north China. [SMM Steel]
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