"SMM Hot Rolled Coil Inventory Inventory: Low-price procurement is still possible, and warehouse inventory has been reduced for 8 consecutive weeks

This week, the national 69 warehouses (large sample) hot-rolled coil social inventory counted by SMM is 3.7474 million tons, a decrease of 75,400 tons compared to last week, a decrease of 1.97%, and it has maintained a decreasing inventory pace for 8 consecutive weeks.

This week, domestic hot-rolled coil production has increased; in terms of demand, coil prices have fluctuated at high levels this week, and the purchasing enthusiasm for terminals is still possible, and overall inventory continues to decline. In terms of regions, except for the Northeast and North China markets, the South China, East China, and Central China markets have all continued to reduce inventory. For more details....."