China HRC Stocks Up 75,100 mt on Week

SHANGHAI, Jun 23 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 3.87 million mt as of June 23, up 75,100 mt or 1.98% on the week, an increase of 0.45% on the year.

The inventory across social warehouses was 2.84 million mt, up 45,300 mt or 1.62% from the previous week, rising 1.59% on the year.

The in-plant inventory of steel makers totalled 1.03 million mt, up 29,800 mt or 2.98% on the week, and down 2.56% on the year.