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Home / Metal News / Accumulation of HRC stocks worsened amid no pick-up of terminal demand

Accumulation of HRC stocks worsened amid no pick-up of terminal demand

Feb 26, 2024 10:34

Source:SMM

HRC inventory totalled 4.3508 million mt last week, up 23.19% from pre-holiday level and 4.35% YoY.

HRC inventory totalled 4.3508 million mt last week, up 23.19% from pre-holiday level and 4.35% YoY. Social stocks shot up last week, while in-plant stocks hiked. Looking ahead, there will be new maintenance of some steel mills. In addition, restart of more downstream buyers and positive policy expectations of the Two Sessions will improve terminal demand. Therefore, mainstream HRC inventory will begin to decrease.

Inventory

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Accumulation of HRC stocks worsened amid no pick-up of terminal demand

SMM Events & Webinars

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