【SMM hot coil inventory: terminal purchases have increased, and the decrease in hot coil inventory has narrowed this week】

SMM Steel and Iron November 30th News: This week, the total inventory of hot-rolled coils was 3.4851 million tons, a decrease of 21,000 tons from the previous week, a decrease of 0.6% from the previous week, and an increase of 42.98% year-on-year. This week, the total inventory of hot coils and social inventories continued to decrease, while factory inventories continued to accumulate. This week, domestic hot coil production continued to increase compared to the previous week, and factory inventories were affected and accumulated. In terms of demand, recent coil prices fluctuated downward, and terminal purchases were still active at low prices, showing overall resilience. Social inventories continued to decline, and under comprehensive influence, the total inventory of hot coils saw a slight decrease, and the decrease narrowed…