China reduced stocks

On April 30, 2023, in 21 major cities in China, the stocks of 5 main types of finished steel products amounted to 11.51 million tons, and compared with April 20, production decreased by 1.6%.

And also on April 30, the stocks of hot-rolled coil in China reached 1.99 million tons, wire rod - 1.57 million tons, cold-rolled coil - 1.25 million tons and rebar - 5.78 million tons.