Finished steel inventory in China declines by 10 percent in May

Wednesday, 29 May 2019 11:38:33 (GMT+3)   |   Shanghai

As of May 28 this year, overall domestic inventories of the five main finished steel products in China totaled 12.7 million mt, down 1.42 million mt or 10.0 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 1.58 million mt, 1.97 million mt, 1.09 million mt, 2.7 million mt and 5.36 million mt, respectively decreasing by 6.4 percent, rising by 3.4 percent and by 6.9 percent, and decreasing by 12.8 percent and 16.4 percent, month on month.



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