As of June 20, overall domestic inventories of the five main finished steel products in China totaled 8.126 million mt, up 10,000 mt or 0.13 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), cold rolled coil (CRC), common medium plate, wire rod and rebar amounted to 1.417 million mt, 1.399 million mt, 985,000 mt, 977,000 mt and 3.348 million mt, down 2.31 percent, down 2.62 percent, rising by 3.14 percent, increasing by 16.49 percent and decreasing by 2.53 percent month on month, respectively.