SMM HRC Weekly Report: Production Surge Leads to Initial Social Inventory Accumulation

[SMM HRC Weekly Balance & Social Inventory Overview] Production Surged, Social Inventory Began to Accumulate

This week, SMM statistics showed that the HRC social inventory across 86 warehouses nationwide (large sample) reached 2.9575 million mt, up 47,500 mt or 1.63% WoW, and down 12.21% YoY based on the lunar calendar. This week, the national social inventory began to see an inventory buildup. By region, the inventory buildup in south and east China was higher than in north, northeast, and central China. Specifically...