China HRC Stocks down 5.81% on Week

SHANGHAI, Nov 24 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 2.54 million mt as of November 24, down 157,100 mt or 5.81% from a week ago, a decrease of 19.64% on the year.

The inventory across social warehouses was 1.57 million mt, down 125,100 mt or 7.37% from the previous week, a drop of 31.5% on the year.

The in-plant inventory of steel makers totalled 971,700 mt, down 31,900 mt or 3.18% on the week, and a gain of 11.64% on the year.