China HRC Stocks Down 7,500 mt on Week

SHANGHAI, Mar 17 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 3.54 million mt as of March 17, down 7,500 mt or 0.21% on the week, a decrease of 9.44% on the year.

The inventory across social warehouses was 2.56 million mt, down 24,900 mt or 0.96% from the previous week, falling 9.1% on the year.

The inventory of steel makers totalled 977,200 mt, up 17,400 mt or 1.81% on the week, and down 10.34% on the year.