China’s social stocks of 5 major steel products in week ending Mar 22 decrease
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Update time : 2024-03-27 17:16:34
In the week ending on March 22, the inventory of China’s five major steel products was about 17.08 million tons, slightly decreasing by 2.8% from the previous week. It has declined for the second consecutive week, and the decrease has expanded.
Among them, the social inventory of rebar decreased by 2.68% week on week to about 9.09 million tons. The inventory of wire rods (about 1.46 million tons), hot-rolled products (about 3.39 million tons), cold-rolled products (about 1.53 million tons), and medium-thick plates (about 1.6 million tons) decreased by 6.61%, 3.3%, 0.26% and 1.69% week on week, respectively.
