China HRC Stocks down 3.77% on Week

SHANGHAI, Mar 9 (SMM) – The total inventory of HRC across social warehouses and steel makers in China stood at 3.88 million mt as of March 9, down 151,800 mt or 3.77% from a week ago, a gain of 9.42% on the year.

The inventory across social warehouses was 2.85 million mt, down 149,300 mt or 4.97% from a week ago, a gain of 11.28% on the year.

The in-plant inventory of steel makers totalled 1.02 million mt, down 2,600 mt or 0.25% from a week ago, and a gain of 4.53% on the year.