China HRC Stocks up 7.78% from before Holiday

SHANGHAI, Oct 13 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 3.37 million mt as of October 13, up 243,000 mt or 7.78% from before the National Day holiday (September 29), a decrease of 10.35% on the year.

The inventory across social warehouses was 2.33 million mt, up 185,200 mt or 8.65% from the previous week, a drop of 17.64% on the year.

The in-plant inventory of steel makers totalled 1.04 million mt, up 57,800 mt or 5.89% on the week, and a drop of 11.81% on the year.