HRC social inventories decline 2% on week

Published: Sep 12, 2019 15:17

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Social stocks fell 2% from a week earlier to stand at 2.32 million mt as of Sep 12

SHANGHAI, Sep 12 (SMM) – Social inventories of hot-rolled coil (HRC) in China fell this week for a fifth week in a row, losing 2% from a week earlier to stand at 2.32 million mt as of Thursday September 12, showed SMM data.

Social stocks rose 8.4% from a year ago.

HRC inventories across steelmakers also fell this week, decreasing by 5% to 962,000 million mt, standing 5.1% lower than the same period last year.

Overall HRC stocks across social and in-plant warehouses in China came in at 3.29 million mt as of September 12, down 2.9% from a week ago but up 4.1% from a year ago.

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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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