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SteelHome: Steel Destocking Decelerated, Trading Volume Increment Slow

  • China China  
  • Last Updated:
    Posted on: 04 Nov 2024

  • Buying Frequency: Daily
  • Payment Terms: T/T
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RFQ Details

I Destocking in five steel products Inventory decelerated; iron ore inventory continued to decrease

1 Destocking in five steel products decelerated

On March 26, market inventory and steel mill inventory of five steel products were 38.02 million tons, a decrease of 2.29 million tons from last week, which is the third consecutive week of decline. However, the decrement in this week is down 650,000 tons from last week, indicating decelerated destocking. In terms of steel products, construction steel inventory were 27.48 million tons, down 1.89 million tons from last week (a decrease of 2.31 million tons in last week); flat steel inventory attained 10.54 million tons, down 400,000 tons from last week (a decrease of 630,000 tons in last week).

Steel mills inventory totaled 13.30 million tons, down 1.33 million tons from last week (a decrease of 2.5 million tons in last week), the market inventory was 24.72 million tons, down 960,000 tons from last week (a decrease of 440,000 tons in last week).


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