HRC Inventory Rose Significantly This Week

This week, HRC social inventory was 2.4483 million mt, up 481,000 mt from pre-holiday levels (up 24.45% MoM, up 10.60% YoY, down 20.50% YoY on a lunar calendar basis).

This week, HRC in-plant inventory was 1.1784 million mt, up 48,900 mt WoW (up 4.33% MoM from pre-holiday levels, up 12.52% YoY, up 4.75% YoY on a lunar calendar basis).

This week, total HRC inventory was 3.6268 million mt, up 529,900 mt from pre-holiday levels (up 17.11% MoM, up 11.22% YoY, down 13.74% YoY on a lunar calendar basis).