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China HRC inventories extended decline as mills trimmed output
Mar 26,2020 16:31CST
data analysis
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.
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Inventory data
Hot-rolled coil

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