SMM: Nationwide HRC Social Inventory Rose 24.45% WoW in Post-Holiday Week

This week, SMM statistics showed that the social inventory of HRC in 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 across the country increased. By region, the inventory buildup was more significant in the markets of east China, south China, and north China. [SMM Steel]