According to the statement made by the China Iron and Steel Association, the total domestic stocks of five main finished steel products in China's 21 major cities decreased by 0.5 percent on July 20 compared to July 10, to 9 million mt.
As of July 20, domestic HRC inventories decreased by 2 percent compared to July 10 and amounted to 2 million mt. Wire rod stocks also totaled 0.87 million mt, down 6 percent compared to July 10.
CRC and rebar increased, on the other hand. CRC stocks totaled 1.24 million mt, up 3 percent compared to July 10. Rebar stocks amounted to 4 million mt, up 0.5 percent compared to July 10.
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