SMM HRC Weekly Review: Low Supply Drives Continued Decline in Social Inventory

SMM HRC Weekly Balance & Social Inventory Review

Supply Remains Low, Social Inventory Continues to Decline

Some steel mills in South and North China are still under maintenance, leading to a continued reduction in HRC supply. During this period, futures first rose then fell, with end-user procurement remaining cautious. However, on the back of reduced supply, social inventory continued to decline. Looking ahead, as mill maintenance has not fully concluded, short-term supply pressure is relatively small, and end-use demand shows resilience. It is expected that national social inventory will continue to decrease in the near term...