Home / Metal News / Gains in hot-rolled coil inventories slow on week

Gains in hot-rolled coil inventories slow on week

iconFeb 22, 2019 10:40
Source:SMM
HRC stocks in China expanded 4.4% from a week ago to stand at 3.79 million mt as of Thursday Feb 21

SHANGHAI, Feb 22 (SMM) – Inventories of hot-rolled coil (HRC) across social warehouses and steelmakers in China expanded 4.4% from a week ago to stand at 3.79 million mt as of Thursday February 21, down 6.7% from the same period last lunar year, showed an SMM survey.

Overall HRC inventories gained 21.5% between January 31 and February 14, or the last Thursday before and the first Thursday after the Lunar New Year break.

The gains in HRC inventories slowed as consumption began to recover.

HRC stocks in social warehouses grew 5.3% this week and came in at 2.73 million mt as of February 21. This stood 5.5% higher than the same period last lunar year.

HRC inventories across steel mills stood at 1.06 million mt as of February 21, up 2.1% from a week ago but down 9.5% from a lunar year ago.

The in-plant inventories were down from 1.08 million mt recorded on Tuesday February 19 as mills began to make deliveries on Wednesday.

SMM learned that orders that entered steel mills were brisk this month.

Inventory data
Hot-rolled coil
HRC
Steel
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news