SMM HRC Weekly Report: Robust Demand Drives Down Social Inventory by 1.28% MoM

[SMM HRC Weekly Balance & Social Inventory Overview] Strong Supply and Demand, Social Inventory Declined

This week, SMM's statistics for HRC social inventory across 86 warehouses nationwide (large sample) stood at 2.9195 million mt, down 38,000 mt (-1.28% MoM, -18.56% YoY based on the lunar calendar). Social inventory declined this week. By region, apart from destocking in east China and north-east China, south China, central China, and north China continued the inventory buildup trend. Specifically...