China HRC Stocks Down 61,700 mt on Week

SHANGHAI, Aug 4 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 3.92 million mt as of August 4, down 61,700 mt or 1.55% on the week, a decrease of 2.21% on the year.

The inventory across social warehouses was 2.92 million mt, down 45,300 mt or 1.53% from the previous week, a drop of 4.05% on the year.

The in-plant inventory of steel makers totalled 1.00 million mt, down 16,300 mt or 1.61% on the week, and an increase of 3.58% on the year.