HRC Social Inventory Decline Narrows as Supply Slightly Increases

[SMM HRC Weekly Balance & Social Inventory Review] Supply Slightly Increased, Social Inventory Decline Narrowed

This week, SMM's statistics show that the social inventory of HRC in 86 warehouses nationwide (large sample) was 2.9927 million mt, down 74,900 mt WoW, down 2.44% MoM, and down 20.81% YoY. This week, the national social inventory continued to decrease, but the decline narrowed. By region, the east China market saw a significant decline, while central and north China experienced slight destocking. In contrast, south and north-east China both saw inventory buildup. For more details...