Hot-Rolled Steel Coil Inventory Rises Again, Frustrating Demand Improvement Hopes

[SMM Weekly Hot-rolled Steel Coil Balance & Social Inventory Summary] Expectations of Demand Improvement Frustrated, Social Inventory Accumulates Again This Week

This week, SMM's statistics show that the nationwide social inventory of hot-rolled steel coils in 86 warehouses (large sample) totaled 4.8965 million tonnes, an increase of 71,800 tonnes or 1.49% from the previous week, and an increase of 18.65% year-on-year based on the Gregorian calendar. Regionally, except for a decrease in inventory in the Northeast and North China markets, the East China, Central China, and South China markets continued to accumulate inventory, with the accumulation rate expanding. In detail...