Author: Lalita
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China’s HRC stocks rise to a 3-month high
The inventories of hot-rolled coil (HRC) across China assessed by Mysteel reached a three-month high last week, mainly driven by the sluggish demand from end-users. The inventories of HRC held by traders in the 33 cities across China assessed by Mysteel surged by 97,700 tonnes on week to 2.79 million tonnes as of June 24,…