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HRC social inventories inch up 0.5% on week
Stocks rose 0.5% from a week earlier to stand at 2.34 million mt as of Sep 19
SHANGHAI, Sep 20 (SMM) – Social inventories of hot-rolled coil (HRC) in China inched up this week, after declining for five weeks in a row, rising 0.5% from a week earlier to stand at 2.34 million mt as of Thursday September 19, showed SMM data.
Social stocks rose 7.9% from a year ago.
HRC inventories across steelmakers also grew this week, increasing by 1.4% to 975,900 million mt, standing 2% lower than the same period last year.
Overall HRC stocks across social and in-plant warehouses in China came in at 3.31 million mt as of September 19, up 0.8% from a week ago and 4.8% from a year ago.
Inventory data
Hot-rolled coil
HRC
Steel
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