Stocks of main finished steel products in China down 7.3% in late Oct

Thursday, 05 November 2020 14:15:32 (GMT+3)   |   Shanghai
       

As of October 31 this year, overall domestic inventories of the five main finished steel products in 20 cities of China totaled 11.27 million mt, down 890,000 mt or 7.3 percent compared to mid-October, but down 8.94 million mt or 44.2 percent compared to the highest level this year recorded on March 10.

In particular, as of October 31, domestic inventories of hot rolled coil (HRC), cold rolled coil (CRC), common medium plate, wire rod and rebar amounted to 1.92 million mt, 1.15 million mt, 0.99 million mt, 1.75 million mt and 5.46 million mt, down 6.3 percent, 1.7 percent, 2.9 percent, 11.6 percent and 8.1 percent, respectively, compared to October 20.

Good weather in late October exerted a positive impact on the demand for steel, causing reductions in inventories in the given period.


Most Recent Related Articles

Stocks of main finished steel products in China down 12.8% in mid-Nov

Decline in China’s steel sheet and plate exports slows to 18.7% in Jan-Oct

China’s rebar and wire rod exports down in October from September

NBS: Local Chinese rebar prices up 4.3 percent in mid-November

China’s HRC output down slightly in Oct from Sept, shows faster growth y-o-y