HRC inventory totalled 3.1103 million mt last week, up 1.17% WoW but down 6.5% YoY. Looking ahead, HRC output may hike this week, but then may decline in a future as some downstream producers will temporarily cease rushing to meet deadlines towards the Lunar New Year. Therefore, HRC stocks may pile up.
HRC stocks ended six consecutive weeks of decline
- Jan 08, 2024, at 10:34 am
- SMM
HRC inventory totalled 3.1103 million mt last week, up 1.17% WoW but down 6.5% YoY.
