China HRC Stocks down 5.59% on Week

SHANGHAI, Nov 10 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 2.86 million mt as of November 10, down 169,300 mt or 5.59% from a week ago, a decrease of 14.96% on the year.

The inventory across social warehouses was 1.82 million mt, down 160,100 mt or 8.09% from the previous week, a drop of 26.96% on the year.

The in-plant inventory of steel makers totalled 1.04 million mt, down 9,100 mt or 0.87% on the week, and a gain of 19.29% on the year.