[SMM HRC Daily Trading Volume] Spot trading pulled back significantly

This week, HRC social inventory stood at 2.7057 million mt, an increase of 40,800 mt from the prior week, representing a 1.53% WoW gain, a 42.86% YoY increase, and a 39.69% rise on a lunar YoY basis. This week, HRC mill inventory was 1.0093 million mt, up 36,900 mt from the prior week, translating to a 3.80% WoW rise, but a 2.82% YoY decline and a 2.76% decrease on a lunar YoY basis. This week, total HRC inventory reached 3.715 million mt, up 77,700 mt from the prior week, for a 2.14% WoW increase, a 26.68% YoY rise, and a 24.88% gain on a lunar YoY basis.

According to SMM statistics, both mill and social inventories experienced varying degrees of buildup. Total building materials inventory reached 8.0193 million mt, up 226,600 mt or 2.91% MoM, signaling the emergence of an inventory inflection point.