【SMM Steel】Asia United Steel Commences Construction of Steel Plant in Kazakhstan

This week, HRC social inventory stood at 3.0987 million mt, up 194,300 mt from the previous week, up 6.69% WoW, up 19.90% YoY, and up 32.36% YoY on the lunar calendar basis. This week, HRC mill inventory stood at 1.1625 million mt, up 20,600 mt from the previous week, up 1.80% WoW, up 5.88% YoY, and up 11.67% YoY on the lunar calendar basis. This week, total HRC inventory stood at 4.2613 million mt, up 214,900 mt from the previous week, up 5.31% WoW, up 15.72% YoY, and up 25.99% YoY on the lunar calendar basis.

This week's total rebar inventory was 5.6153 million mt, up 222,000 mt WoW, up 4.12% WoW, down 436,600 mt YoY on a lunar calendar basis, down 7.21% YoY. This week's total wire rod inventory was 1.359 million mt, up 94,600 mt WoW, up 7.48% WoW, up 12,400 mt YoY on a lunar calendar basis, up 0.92% YoY.