China HRC Stocks up 9.11% on Week

SHANGHAI, Jan 12 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 2.99 million mt as of January 12, up 249,700 mt or 9.11% from a week ago, a gain of 0.54% on the year.

The inventory across social warehouses was 2.04 million mt, up 242,500 mt or 13.53% from the previous week, a drop of 4.19% on the year.

The in-plant inventory of steel makers totalled 955,000 mt, up 7,200 mt or 0.76% on the week, and a gain of 12.38% on the year.