China HRC Stocks Down 28,200 mt on Week

SHANGHAI, Apr 28 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 3.69 million mt as of April 28, down 28,200 mt or 0.76% on the week, an increase of 9.21% on the year.

The inventory across social warehouses was 2.53 million mt, down 34,100 mt or 1.33% from the previous week, rising 3.07% on the year.

The in-plant inventory of steel makers totalled 1.16 million mt, up 5,900 mt or 0.51% on the week, and up 25.49% on the year.