Inventories of hot-rolled coils of steel sheets used to produce home appliances and cars in China fell for a third straight this week, as demand from north China was strong.
SMM data showed that HRC stocks across social warehouses and steelmakers decreased 2.2% in the week ended April 2 to 5.45 million mt, 73.62% higher than the same period after the Lunar New Year holiday last year. The stocks fell 1.38% in the prior week.
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