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China HRC inventories grew slower, up 0.9% week on week
Mar 13,2020 11:54CST
Data Analysis
Inventories of hot-rolled coils of steel sheets used to produce home appliances and cars in China continued to trend higher, hitting a new record high, as cargoes stranded at ports moved to social warehouses following logistics recovery. SMM data showed that HRC stocks across social warehouses and steelmakers stood at 5.78 million mt as of Thursday March 12, some 65.37% higher than the same period after the Lunar New Year holiday last year.
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Inventory data
Hot-rolled coil

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