On August 20 this year, overall domestic inventories of the five main finished steel products in 21 major cities in China totaled 9.63 million mt, up 10,000 mt or 0.1 percent compared to August 10, as announced by the China Iron and Steel Association (CISA).
In particular, as of August 20, domestic inventory of hot rolled coil (HRC), cold rolled coil (CRC), common medium plate, wire rod and rebar amounted to 2.05 million mt, 1.23 million mt, 0.99 million mt, 0.9 million mt and 4.46 million mt, increasing by 2.5 percent, remaining stable, up 1.0 percent and down 3.2 percent and 0.9 percent, respectively, all compared to August 10.