This week, according to the statistics of 69 warehouses (large sample) of SMM, the social inventory of hot rolled coils was 4.1699 million tons, down by 146,300 tons compared with last week, a decrease of 3.39%, and the destocking continued compared with last week.

This week, the domestic hot rolled coil production continued to decline. On the demand side, the recent price rebound was weak, the terminal procurement and processing level improved, and the inventory continued to decline under the comprehensive influence. Regionally, except for the markets in North China and East China, the Northeast, Central and South China markets all accumulated slightly. In detail: