On May 10 this year, overall domestic inventories of the five main finished steel products in 21 major cities in China totaled 11.30 million mt, down 210,000 mt or 1.8 percent compared to April 30, as announced by the China Iron and Steel Association (CISA).
In particular, as of May 10, domestic inventory of hot rolled coil (HRC) amounted to 2.09 million mt, increasing by 5.0 percent, domestic inventory of common medium palate reached 0.96 million mt, rising by 4.3 percent, while domestic inventories of cold rolled coil (CRC), wire rod and rebar totaled 1.24 million mt, 1.51 million mt and 5.50 million mt, down 0.8 percent, down 3.8 percent and down 4.8 percent, respectively, all compared to April 30.