SMM HRC Social Inventory Pre-Holiday Buildup Outpaces Seasonal Trends

[SMM HRC Weekly Balance & Social Inventory Overview] Social Inventory Begins Pre-Holiday Buildup but Outperforms Seasonal Trends

This week, SMM's statistics for HRC social inventory across 86 warehouses nationwide (large sample) stood at 3.0949 million mt, up 175,400 mt (+6.01% WoW), down 25.38% YoY on the lunar calendar basis. This week, the nationwide social inventory buildup accelerated. By region, except for slight inventory declines in central and north-east China, the buildup in south, east, and north China significantly sped up. Specifically...