[SMM Hot-rolled Coil Inventory Check: Inventory Continues to Decline, But Rate of Decrease Narrows Significantly]

This week, the social inventory of hot-rolled coils in 86 warehouses (large sample) across the country, as recorded by SMM, reached 4.0239 million tons, a decrease of 41,800 tons (-1.03%) compared with the previous week, and an increase of 11.55% year-on-year based on the lunar calendar.

From a regional perspective, except for the inventory accumulation in the South China market, the East China, Central China, North China, and Northeast China markets all experienced varying degrees of inventory decline this week. To be specific...