China HRC Stocks down 3.01% on Week

SHANGHAI, Dec 1 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 2.47 million mt as of December 1, down 76,600 mt or 3.01% from a week ago, a decrease of 22.15% on the year.

The inventory across social warehouses was 1.54 million mt, down 33,000 mt or 2.1% from the previous week, a drop of 33.57% on the year.

The in-plant inventory of steel makers totalled 928,100 mt, down 43,500 mt or 4.48% on the week, and a gain of 8.93% on the year.