China HRC Stocks down 3.53% on Week

SHANGHAI, Mar 30 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 3.45 million mt as of March 30, down 126,200 mt or 3.53% from a week ago, a drop of 3.8% on the year.

The inventory across social warehouses was 2.39 million mt, down 163,400 mt or 6.4 from a week ago, a drop of 5.24% on the year.

The in-plant inventory of steel makers totalled 1.06 million mt, up 37,200 mt or 3.65% from a week ago, and a drop of 0.35% on the year.