9,626.56 TRY BIST 100 BIST 100
4.85 CNY CNY CNY
35.17 USD USD USD
36.61 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.41 TRY Interest Interest
73.03 USD Fossil Oil Fossil Oil
29.72 USD Silver Silver
4.09 USD Copper Copper
100.31 USD Iron Ore Iron Ore
355.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,620.19 TRY Gold (gr) Gold (gr)

Decrease in hot rolled coil stocks in Shenyang, China

Hot rolled coil stock levels in Shenyang are on a downward trend this week as well.

Decrease in hot rolled coil stocks in Shenyang, China

Hot rolled coil stock levels in Shenyang have been on a downward trend this week as well. As of now, Shenyang's inventories stand at 130,500 tons, representing a notable decrease of 12,500 tons from the previous week, representing a decrease of 8.74%.

Moreover, in line with the industry's performance in the same period of last year, the current inventory is even more favorable. The increase of 66,200 tons represents an extraordinary growth of 102.96%.

Market experts consider the declining stock movements as an encouraging indicator and an opportunity for both sellers and producers to effectively liquidate their own stocks.

While this latest stock update reveals significant inventory declines during the week compared to the same periods last year, industry authorities remain cautiously optimistic and continue to signal growing confidence in market developments.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Emirates Steel has announced a price increase for its rebar products

Tuesday, December 24, 2024

An agreement has been signed on the full restoration of the Donetsk Metallurgical Plant

Tuesday, December 24, 2024

Egypt invites Canadian investments to boost industrial growth

Tuesday, December 24, 2024

India’s steel imports hit record high

Tuesday, December 24, 2024

South Korea's crude steel production declines in November

Monday, December 23, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now