Maintenance at Anyang Steel to affect HRC output for 15 days

SMM data showed that HRC stocks across social warehouses and steelmakers decreased 4.72% in the week ended May 28 to 3.9 million mt, marking the 11th straight week of declines. The stocks were 30.38% higher than the same period last year.

Inventories of hot-rolled coils of steel sheets used to produce home appliances and cars in China fell for a second straight this week, as mills conducted maintenance or shifted to rebar production. SMM data showed that HRC stocks across social warehouses and steelmakers decreased 1.38% in the week ended March 26 to 5.27 million mt, 70.08% higher than the same period after the Lunar New Year holiday last year.

SMM data showed that HRC stocks across social warehouses and steelmakers stood at 5.73 million mt as of Thursday March 5, some 57.3% higher than the same period after the Lunar New Year holiday last year.

Major steelmakers are estimated to see 170,000 mt of HRC deliveries arriving at Shanghai, Lecong and Tianjin this week

Converters will be under 19-day staggered maintenance starting from Dec10

The company has an annualised capacity of 2 million mt

Social stocks decreased by 4.7% from a week ago to 1.77 million mt as of Nov 21

Stocks came in at 2.7 million mt as of Nov 14, down 5.9% from a week ago and 4.6% from a year ago

Stocks grew 1.4% from a week ago to stand at 2.99 million mt as of May 30

Inventories stood at 3.5 million mt as of Mar 21, down 4% from a week ago