Leading Chinese steelmakers saw a sharp decline in their steel inventories in November 2021. According to the latest data released by the China Iron and Steel Association (CISA), steel inventories of leading Chinese mills decreased by 10.3% to 12.4 mn tons last month. However, stocks increased by 9.7% compared to the same period of the previous year.
Chinese steel stocks down
Steel inventories of major producers in China fell by more than 10% in November 2021.
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