Hot-Rolled Coil Market: Weak Supply-Demand Dynamics, Weekly Social Inventory Decline Narrows Further

【SMM Weekly Hot-rolled Coil Supply-Demand Balance & Social Inventory Overview】Both Supply and Demand Are Weak; Continued Narrowing of Decline in Weekly Social Inventory

This week, according to SMM's statistics, the social inventory of hot-rolled coils in 86 warehouses (large sample) nationwide reached 4.4639 million tonnes, with a decrease of 91,900 tonnes or 2.02% from the previous week and a decrease of 2.70% year-on-year based on the new calendar. Except for a slight accumulation in inventory in Central China, all other markets continued the trend of inventory reduction. Regionally, the declines in South China and North China were relatively larger. In detail...