Steel product stocks increased in China

According to the data announced by CISA, this stock increase was 7.7% lower than the same period last year, that is, 0.65 million tons less.

At the beginning of January, stocks in eastern China attracted attention with an increase of 120,000 tons, or 5.7%, compared to ten days ago, while the northern China region recorded an increase of 110,000 tons, or 11.6%, in stocks, showing the highest increase among other regions.

Steel stocks in southwest China increased by 100,000 tonnes, up 9.3% compared to the previous ten days. According to the data announced by CISA, the production of Southern China increased by 90,000 tons by 6.1% compared to ten days ago.

Stocks in central China increased by 50,000 tons, or 6.8%, compared to ten days ago, while stocks in northwestern China increased by 40,000 tons, an increase of 7.4% compared to previous sessions. Stocks in Northeast China increased by 10,000 tons, or 2.6%, compared to ten days ago.

CISA data showed that hot rolled coil stocks increased by 2.1% in early January compared to ten days ago, reaching 1.47 million tons, while cold rolled coil stocks increased by 2.9% to 1.06 million tons.

Medium thick plate stocks increased by 7.4% compared to ten days ago to 1.01 million tons, while wire stocks increased by 10.8% to 920,000 tons.

The data also showed that rebar stocks reached 3.35 million tons in the session ending January 10, increasing by 9.8% compared to ten days ago.