As of July 26 this year, overall domestic inventories of the five main finished steel products in China totaled 8.30 million mt, down 540,000 mt or 6.1 percent month on month, as announced by the China Iron and Steel Association (CISA).
In particular, as of the given date, domestic inventories of hot rolled coil (HRC), common medium plate, wire rod and rebar amounted to 1.77 million mt, 0.95 million mt, 1.09 million mt and 2.86 million mt, respectively decreasing by 10.5 percent, 5.2 percent, 10.1 percent and 6.2 percent month on month, while domestic inventories of cold rolled coil (CRC) totaled 1.65 million mt, increasing by 1.8 percent month on month.