China HRC Stocks Down 12,100 mt on Week

SHANGHAI, Jul 28 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 3.98 million mt as of July 28, down 12,100 mt or 0.3% on the week, a decrease of 2.15% on the year.

The inventory across social warehouses was 2.96 million mt, up 12,400 mt or 0.42% from the previous week, a drop of 3.54% on the year.

The in-plant inventory of steel makers totalled 1.01 million mt, down 24,500 mt or 2.36% on the week, and an increase of 2.14% on the year.