China HRC Stocks Down 99,100 mt on Week

SHANGHAI, Aug 11 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 3.82 million mt as of August 11, down 99,100 mt or 2.53% on the week, a decrease of 5.17% on the year.

The inventory across social warehouses was 2.80 million mt, down 119,600 mt or 4.1% from the previous week, a drop of 9.01% on the year.

The in-plant inventory of steel makers totalled 1.02 million mt, up 20,600 mt or 2.06% on the week, and an increase of 7.29% on the year.