Stocks of main finished steel products in China down 4.5% in late March

On March 31 this year, overall domestic inventories of the five main finished steel products in 21 major cities in China totaled 10.36 million mt, down 490,000 mt or 4.5 percent compared to March 20, as announced by the China Iron and Steel Association (CISA).

In particular, as of March 31, domestic inventories of HRC, CRC, medium steel plate, wire rod and rebar decreased by 5.7 percent, 1.7 percent, 6.6 percent, 8.9 percent and 3.3 percent, respectively, all compared to March 20.