SHANGHAI, Sep 30 (SMM) – SMM data showed that HRC stocks across social warehouses and steel makers fell 39,500 mt or 1.08% on the week, a decrease of 9.96% than a year ago, to 3.63 million mt in the week ended September 30.
Inventories across social warehouses decreased 42,400 mt or 1.5% week on week to 2.79 million mt. This was 1.83% lower than the same period last year.
Stocks at Chinese steel makers came in at 846,600 mt, up 3,000 mt or 0.35% week on week but down 29.24% year on year.
