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Home Steel News China's HRC stock rises for 5 consecutive weeks
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China's HRC stock rises for 5 consecutive weeks

27 Jul 2020 14:53 reported by Allen

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The hot-rolled coils (HRC) inventory in China was still at a high level this week because the prices were still high and floods in some cities in China postponed the delivery in some areas.

It was reported that the HRC stock from steel makers increased by about 2.3% in the previous week ended July, reaching around 3.9 million tons, which was the fifth week for the stock increase, about 12.78% higher than the same time last year.

In addition, social stock also increased by about 1.23%. Furthermore, the production from manufacturers was also rising now, which contributed to the high stock level as the high prices and good profit raised production.

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