【SMM Weekly Hot-rolled Steel Coil Supply-Demand Balance & Social Inventory Summary】Supply Continues to Decline, Inventory Accumulation Narrows

This week, according to SMM's statistics, the total social inventory of hot-rolled steel coils in 86 warehouses (large sample) across China reached 4.7699 million tonnes, an increase of 74,700 tonnes or 1.59% from the previous week, and a year-on-year increase of 21.03% based on the Gregorian calendar. From a regional perspective, the accumulation of inventory in East China and South China markets was greater than that in Central China and Northeast China, while the North China market saw a slight decline in inventory on a week-on-week basis. In detail...