China HRC Stocks Down 36,300 mt on Week

SHANGHAI, May 12 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 3.76 million mt as of May 12, down 36,300 mt or 0.96% on the week, an increase of 7.94% on the year.

The inventory across social warehouses was 2.63 million mt, up 29,100 mt or 1.12% from the previous week, rising 3.27% on the year.

The in-plant inventory of steel makers totalled 1.12 million mt, down 65,400 mt or 5.5% on the week, and up 20.71% on the year.