Total Domestic Construction Steel Inventory Continues to Accumulate last Week

SHANGHAI, Feb 13 (SMM)－In terms of inventory, the total domestic construction steel inventory continued to accumulate last week, but the growth rate of social inventory slowed down year-on-year. In the later stage, more steel mills resumed production, pushing up the output. The finished product inventories held by steel mills are expected to grow further. The goods stored in plants may be transferred to social warehouses rapidly. Therefore, the total market inventory will continue to rise this week and next week, but the accumulation speed may not change much compared with the same period last year. On the demand side, some demand has been released in the early trading last Friday. After the rebar futures prices rose in late trading, the market demand for speculative purchases improved, but the overall transactions were mediocre.