This week, according to the statistics of SMM, the hot-rolled social i

Published: Jul 20, 2023 14:45

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This week, according to the statistics of SMM, the hot-rolled social inventory of 69 warehouses (large sample) nationwide was 3.6133 million tons, which was 64800 tons lower than that of last week, with a decrease of 1.76%. The trend of inventory reduction continued last week. This week, the terminal just-in-time procurement was flat, benefiting from the reduction of steel mills in the northern region, and the hot-rolled social inventory continued to be reduced as a whole. Regionally, except for the East China market, the inventories of other regions have been reduced to varying degrees, and the inventory reduction in North China and Northeast China is obvious. In detail:

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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