On September 30 this year, overall domestic inventories of the five main finished steel products in 21 major cities in China totaled 8.96 million mt, down 350,000 mt or 3.8 percent compared to September 20, as announced by the China Iron and Steel Association (CISA).
In particular, as of September 30, domestic inventory of hot rolled coil (HRC), cold rolled coil (CRC), wire rod and rebar amounted to 2.0 million mt, 1.15 million mt, 0.87 million mt and 3.83 million mt, decreasing by 1.5 percent, 1.7 percent, 3.3 percent and 7.3 percent, respectively, while inventory of common medium plate amounted to 1.11 million mt, increasing by 2.8 percent, all compared to September 20.