This week, social HRC inventory stood at 2.7111 million mt, down 46,300 mt from the previous week, down 1.68% WoW, up 40.52% YoY, and up 36.71% YoY based on the lunar calendar.
This week, HRC mill inventory stood at 974,800 mt, up 17,000 mt from the previous week, up 1.85% WoW, down 6.15% YoY, and down 5.42% YoY based on the lunar calendar.
This week, total HRC inventory stood at 3.6859 million mt, down 28,600 mt from the previous week, down 0.77% WoW, up 24.19% YoY, and up 22.30% YoY based on the lunar calendar.
![[SMM Analysis] Capacity Expansion Continues to Suppress Prices, Non-oriented Struggles to Shake Off Downturn Shadow](https://imgqn.smm.cn/usercenter/FGavQ20251217171717.jpg)

![[SMM Analysis] The supply-demand imbalance in construction steel is showing signs of emerging this period.](https://imgqn.smm.cn/usercenter/crVox20251217171717.jpg)
