China HRC Stocks down 2.87% on Week (Mar 23)

SHANGHAI, Mar 23 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 3.57 million mt as of March 23, down 105,600 mt or 2.87% from a week ago, a gain of 0.52% on the year.

The inventory across social warehouses was 2.55 million mt, down 132,700 mt or 4.94% from a week ago, a gain of 2.01% on the year.

The in-plant inventory of steel makers totalled 1.02 million mt, up 27,100 mt or 2.73% from a week ago, a decline of 3.03% on the year.