HRC and rebar inventories in China shift from rise to decrease in Sept

Friday, 27 September 2019 11:35:28 (GMT+3)   |   Shanghai

As of September 27 this year, overall domestic inventories of the five main finished steel products in China totaled 13.31 million mt, down 710,000 mt or 5.1 percent month on month, 5.2 percentage points lower compared to the month-on-month decrease rate reported in August, 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) and common medium plate amounted to 1.78 million mt, 1.94 million mt and 980,000 mt, indicating declines of 6.1 percent, 3.1 percent and 2.9 percent month on month, respectively. Moreover, rebar inventories were down 7.3 percent month on month, falling to 5.59 million mt. Wire rod inventories also decreased, though at a slower rate of 2.1 percent, to 3.02 million mt.

In August, domestic inventories of hot rolled coil, wire rod and rebar had risen by 15.5 percent, 7.3 percent and 17.2 percent, while inventories of cold rolled coil and common medium plate had decreased by 0.6 percent and 3.0 percent, all month on month, respectively.

Most Recent Related Articles

Inventories of main finished steel products in China up 0.6%, driven by HRC and rebar

Offers for Asian wire rod keep moving up following recent deals

MOC: Average steel prices in China edge up slightly last week

Inventories of five main finished steel products in China down 1.9% in mid-Aug

NBS: Local Chinese rebar prices down 0.2 percent in mid-August