Weekly Review for domestic HRC Inventory

SHANGHAI, Sep 22 (SMM) – This week, HRC social inventory in 69 sampled warehouses in China was 4.0876 million mt, up 13,100 mt from last week, a minor increase of 0.32%. This week, domestic HRC production increased on a weekly basis. In terms of demand, transactions in many places were active in the early week but cooled down again later. Under the combined influence, inventory rebounded slightly this week. In terms of regions, HRC inventories in the Northeast, North, and South China markets overstocked, while those in Central and East China fell a little.