SMM hot rolled coil inventory: supply reduction, total inventory accum

Published: Oct 12, 2023 16:40

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SMM hot rolled coil inventory: supply reduction, total inventory accumulation rate slowing down. SMM steel reported on October 12th that the total inventory of hot rolled coils was 3.974 million tons this week, up 39,300 tons from last week, up 1% month-on-month and 28.31% year-on-year. The accumulation rate of total hot rolled coil inventory has slowed down, the accumulation rate of social inventory has slowed down, and the accumulation rate of factory inventory has changed from increase to decrease. On the supply side, the output of hot rolled coils decreased slightly month-on-month this week. On the demand side, after the holiday, the futures fell and the overall purchasing sentiment of the terminal was not good, and the social inventory continued to accumulate...

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