On May 20 this year, overall domestic inventories of the five main finished steel products in 21 major cities in China totaled 10.94 million mt, down 360,000 mt or 3.2 percent compared to May 10, as announced by the China Iron and Steel Association (CISA).
In particular, as of May 20, domestic inventory of hot rolled coil (HRC) and common medium palate amounted to 2.1 million mt and 970,000 mt, increasing by 0.5 percent and 1.0 percent, while domestic inventories of cold rolled coil (CRC), wire rod and rebar totaled 1.2 million mt, 1.4 million mt and 5.27 million mt, down 3.2 percent, down 7.3 percent and down 4.2 percent, respectively, all compared to May 10.