China’s HRC & CRC inventory decrease last week
According to the market news, the total inventory of steel products in China showed almost 22 million tons last week (on March 19th), which decreased by over 2% from the previous week.
Among them, the largest decline happened in the hot-rolled coil (HRC), with almost 5% decline in a week, came to less than 3 million tons; the total inventory of cold-rolled coil (CRC) in China was around 1.2 million tons, decreased slightly with around 0.6%.
Moreover, the main inventory of rebar in some of the main cities in China also showed week on week decrease, with a rate of about 1.65%, which came to less than 13 million tons.
