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

iconFeb 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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