On December 31 last year, overall domestic inventories of the five main finished steel products in 21 major cities in China totaled 6.59 million mt, down 120,000 mt or 1.8 percent compared to December 20, as announced by the China Iron and Steel Association (CISA).
In particular, as of December 31, domestic inventories of HRC, medium steel plate and rebar decreased by 1.2 percent, 2.0 percent and 3.1 percent, respectively, while domestic inventories of CRC and wire rod remained stable, all compared to December 20.