Hot-Rolled Steel Coil Inventory Drops Narrowly Despite Below-Par Peak Season Demand

[SMM Weekly Hot-rolled Steel Coil Balance & Social Inventory Review] Demand During Peak Season Falls Short of Expectations; Decline in Social Inventory Narrows This Week

This week, SMM's statistics show that the nationwide social inventory of hot-rolled steel coils in 86 warehouses (large sample) stands at 4,555,800 tonnes, with a week-on-week decrease of 149,800 tonnes, or 3.18%, and an increase of 8.62% year-on-year based on the Gregorian calendar. The nationwide market has continued the trend of inventory reduction. Regionally, the East China and North China markets still recorded significant declines. In detail...