【SMM Hot Coil Inventory: Increased Production, Narrowed Inventory Decline This Week】

SMM Steel December 21st news: The total inventory of hot-rolled coils this week is 3.1733 million tons, a decrease of 73,400 tons compared to last week, a decrease of 2.26% compared to the previous period, and an increase of 15.81% compared to the same period last year. This week, the total inventory of hot-rolled coils still maintained a downward trend, with a good trend of de-stocking, a slight expansion of the decrease in social inventory, and a shift from a decrease in inventory in factories to an increase. This week, the domestic production of hot-rolled coils has increased, and the downward trend in factory inventory has reversed; in terms of demand, the recent spot prices of hot-rolled coils have fluctuated, with terminal demand slightly suppressed in the northern region due to weather, overall neutral performance, significant decrease in inventory in the southern, eastern, northeastern, and central regions, and a cumulative increase in inventory in the northern market. Overall, the total inventory decline of hot-rolled coils this week has slightly contracted...