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China HRC inventories declined for 1st time since the Lunar New Year holiday
Mar 19,2020 16:34CST
data analysis
Source:SMM
Inventories of hot-rolled coils of steel sheets used to produce home appliances and cars in China fell this week, marking the first week-on-week decrease since the Lunar New Year holiday, as demand recovered and mills were still undergoing maintenance. SMM data showed that HRC stocks across social warehouses and steelmakers decreased 2.28% from a week ago to 5.65 million mt as of Thursday March 19.
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Inventory data
Hot-rolled coil
HRC
Steel

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