Steel stocks continue to fall in China

This decrease was most pronounced in southwestern China, with a 9% drop, while eastern, northern, and central China also experienced inventory reductions. Conversely, southern and northeastern China witnessed a rise in steel stocks.

In addition to these statistics, CISA's data indicates that rebar stocks reached 3.61 million tonnes by the end of the session on October 20, marking a 7% decrease from the levels of ten days prior. Stocks of hot-rolled coil amounted to 2.06 million tonnes, down 1% from the figures ten days ago, and cold-rolled coil stocks stood at 1.18 million tonnes, reflecting a 2.5% decrease from the preceding ten days. Medium-thick plate stocks increased by 2.5% to reach 1.21 million tonnes, while wire stocks grew by 5.6% to a total of 0.94 million tonnes.