China HRC Stocks Down 3.92% on Week

SHANGHAI, Jun 1 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 3.11 million mt as of Jun 1, down 126,600 mt or 3.92% from a week ago, a drop of 17.34% on the year.

The inventory across social warehouses was 2.07 million mt, down 119,800 mt or 5.48% from a week ago, a drop of 24.38% on the year.

The in-plant inventory of steel makers totaled 1.04 million mt, down 6,800 mt or 0.65% from a week ago, and an increase of 1.41% on the year.