【SMM HRC Weekly Balance】Production Increased Slightly, Social Inventory Continued to Decline This Week

• SMM HRC Weekly Balance

• This week, HRC production increased MoM.

This week, HRC production increased slightly MoM.

• This week, the decline in HRC social inventory expanded.

This week, the SMM survey showed that the national HRC social inventory in 86 warehouses (large sample) was 3.6052 million mt, down 229,500 mt MoM, a decrease of 5.98% MoM, and down 13.79% YoY. The national social inventory continued to decline this week, with the decline expanding. By region, the declines in the north China, south China, and east China markets were larger than those in the central China and north-east China markets. [SMM Steel]

• This week, HRC in-plant inventory decreased MoM.

This week, steel mill inventory decreased MoM.