HRC Social Inventory Nationwide Rose 6.01% WoW with Significant Buildup in Most Regions

This week, SMM statistics showed that the HRC social inventory across 86 warehouses nationwide (large sample) reached 3.0949 million mt, up 175,400 mt WoW (+6.01% WoW) and down 25.38% YoY based on the lunar calendar.

This week, the nationwide social inventory buildup increased. By region, except for slight inventory declines in central and north-east China, the inventory buildup accelerated significantly in south, east, and north China.