Stocks of main finished steel products in China up 8.9% in late Jan

On January 31 this year, overall domestic inventories of the five main finished steel products in 21 major cities in China totaled 7.34 million mt, up 600,000 mt or 8.9 percent compared to January 20, as announced by the China Iron and Steel Association (CISA).  

In particular, as of January 31, domestic inventories of HRC, CRC, medium steel plate, wire rod and rebar increased by 7.5 percent, 2.2 percent, 4.0 percent, 7.4 percent and 14.5 percent, respectively, all compared to January 20.