On November 10 this year, overall domestic inventories of the five main finished steel products in 21 major cities in China totaled 7.92 million mt, down 650,000 mt or 7.6 percent compared to October 31, as announced by the China Iron and Steel Association (CISA).
In particular, as of November 10, domestic inventory of hot rolled coil (HRC), cold rolled coil (CRC), common medium plate, wire rod and rebar amounted to 1.83 million mt, 1.06 million mt, 1.13 million mt, 0.85 million mt and 3.05 million mt, decreasing by 6.6 percent, 8.6 percent, 5.0 percent, 5.6 percent and 9.2 percent, respectively, all compared to October 31.