SHANGHAI, Sept. 29 (SMM) – Social inventories of 5 categories of finished steel in China’s 20 major cities rose in September on a monthly basis, according to China Iron and Steel Association (CISA).
China Steel Stocks Fall in Week Ending September 28, SMM Says
Total stocks rose 7.6% month-on-month to 8.84 million tonnes in September. This includes 1.03 million tonnes at ports, up 7.3%, and 7.81 million tonnes in the market, up 7.7%.
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By product, stocks of long products registered bigger growth than medium-thick plate and cold-rolled coil. Only hot-rolled coil stocks dropped.
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