China's steel product stocks increased

China's steel product stocks reached 15.92 million tons last week, increased by 6.9% compared to the previous week. Steel stocks increased by 2.6% to 16.49 million tons at the end of January, compared to the beginning of January. While it has been observed that the stocks have increased for eight weeks, it is known that this situation is due to the fact that the construction projects could not start due to the cold weather. Considering the historical data, China's steel stocks were expected to increase by the end of February or the beginning of March.