China HRC Inventory Rose 533,200 mt from Pre-Holiday Level

SHANGHAI, Feb 10 (SMM) - The total inventories of HRC stood at 3.61 million mt, up 533,200 mt or 17.3% from the pre-CNY holiday level, and down 11.95% on the year.

The social inventories stood at 2.63 million mt, up 413,000 mt or 18.64% from the pre-CNY holiday level, down 2.07% year-on-year.

The in-plant inventory at steel mills recorded 985,600 mt, up 120,100 mt or 13.88% from the pre-CNY holiday level, and down 30.62% from last year.