China HRC Stocks Up 101,700 mt on Week

SHANGHAI, May 5 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 3.79 million mt as of May 5, up 101,700 mt or 2.76% on the week, an increase of 6.61% on the year.

The inventory across social warehouses was 2.6 million mt, up 74,100 mt or 2.93% from the previous week, rising 1.16% on the year.

The in-plant inventory of steel makers totalled 1.19 million mt, up 27,600 mt or 2.38% on the week, and up 20.83% on the year.