SMM HRC Weekly: Post-Holiday Inventory Surge Significant Yet Below Historical Norms

[SMM HRC Weekly Balance & Social Inventory Overview] Post-Holiday Inventory Buildup Significant but Outperformed Historical Levels

This week, SMM's statistics showed that the social inventory of HRC across 86 warehouses nationwide (large sample) reached 3.8517 million mt, up 756,800 mt WoW (+24.45%) and down 25.03% YoY based on the lunar calendar. In the first week after the holiday, social inventories increased nationwide, with larger buildups observed in east, south, and north China markets. Specifically...