China HRC Stocks Up 28,300 mt on Week

SHANGHAI, Apr 7 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 3.58 million mt as of April 7, up 28,300 mt or 0.8% on the week, a decrease of 0.39% on the year.

The inventory across social warehouses was 2.52 million mt, up 19,300 mt or 0.77% from the previous week, falling 4.15% on the year.

The inventory of steel makers totalled 1.06 million mt, up 9,100 mt or 0.86% on the week, and up 9.85% on the year.