On July 31 this year, overall domestic inventories of the five main finished steel products in 21 major cities in China totaled 7.85 million mt, increasing by 1.3 percent compared to July 20, as announced by the China Iron and Steel Association (CISA).
In particular, as of July 31, domestic inventories of HRC and CRC decreased by 0.6 percent and 0.8 percent, inventories of medium steel plate, wire rod and rebar rose by 1.0 percent, 3.1 percent and 3.0 percent, respectively, while inventory of CRC remained stable, all compared to July 20.