HRC Social Inventory Down WoW, Total Inventory Declines Amid Weakening Cost-Side Logic

Published: Mar 26, 2026 17:03

Save

SMM's data was released with production fluctuating rangebound. HRC social inventory (large sample) stood at 5.5229 million mt, down 36,200 mt WoW, or down 0.65% WoW, and up 21.22% YoY on a lunar-calendar basis. Nationwide social inventory as a whole maintained a destocking trend, but by region, apart from continued inventory declines in South China and North China, inventories in other markets all increased. Meanwhile, traders maintained a moderate pace of purchase, and mill inventory turned from increase to decline. Total inventory stood at 6.7821 million mt, down 89,100 mt WoW. Looking ahead, the cost-side logic weakened due to falling crude oil prices and easing iron ore supply disruptions, and coil prices were expected to remain in the doldrums with fluctuations.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

13 mins ago

Centralized Production Resumptions Conclude, Limiting Further Supply Increases from EAF Steel Mills

As of March 24, the operating rate of 50 electric-furnace steel mills nationwide mainly producing construction materials was 40.42%, up 1.78% WoW from the previous period; the capacity utilization rate was 41.75%, up 1.88% WoW from the previous period; and daily average production of construction materials was 93,000 mt, up 4,200 mt WoW.

13 mins ago

27 mins ago

MMi Daily Iron Ore Report (March 27)

The iron ore futures rose in early trading before gradually retreating during the day. The main contract I2605 ultimately closed at 812 yuan/ton, down 0.49% from the previous trading session.

27 mins ago

30 mins ago

[SMM Daily HRC Trading] Spot Trading Changed Relatively Little

[SMM Daily HRC Trading] On March 27, the total daily HRC trading volume of sample enterprises in four cities tracked by SMM (Shanghai, Lecong, Tianjin, and Ningbo) was 14,490 mt, up 360 mt day on day, or 2.5%, with solar-calendar YoY growth of 28.57% and lunar-calendar YoY growth of 9.77%.

30 mins ago