Hot-Rolled Steel Inventory Declines This Week

This week's hot-rolled steel social inventory stood at 2,152,300 tonnes, a decrease of 116,600 tonnes compared to the previous week, representing a week-on-week decline of 5.14% and a year-on-year drop of 13.79%.

The hot-rolled steel mill inventory for this week was 1,153,400 tonnes, a decrease of 1,200 tonnes compared to the previous week, indicating a week-on-week decline of 0.1% and a year-on-year increase of 8.56%.

The total inventory of hot-rolled steel coils this week amounted to 3,305,700 tonnes, a reduction of 117,800 tonnes from the previous week, marking a week-on-week decrease of 3.44% and a year-on-year decrease of 7.12%.