As of December 27 this year, overall domestic inventories of the five main finished steel products in China totaled 8.24 million mt, down 360,000 mt or 4.1 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), cold rolled coil (CRC), common medium plate, wire rod and rebar amounted to 1.65 million mt, 1.80 million mt, 1.18 million mt, 1.02 million mt and 2.59 million mt, respectively down 16.9 percent, 1.4 percent and 2.1 percent, increasing by 13.3 percent, and decreasing by 3.4 percent, month on month.