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Home / Metal News / Flash: China's steel inventory grows over 3 million mt during CNY

Flash: China's steel inventory grows over 3 million mt during CNY

Feb 23, 2018 10:27

Source:SMM

China's rebar, wire rod and hot-rolled coil inventory grew more than 3 million mt over the Chinese New Year holiday, SMM data showed.

SHANGHAI, Feb 23 (SMM) – China's social inventory of rebar this week stood at 8.06 million mt, up 32% from levels seen before Chinese New Year, SMM data showed. Wire rod inventory amounted to 2.7 million mt, up 39% from last week, and hot-rolled coil stocks grew 21% to 2.6 million mt.

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The total inventory of rebar across social warehouses and steel makers in China stood at 12.57 million mt as of March 3, up 333,200 mt or 2.7% on the week, but down 5.13 million mt or 29% from the same period last lunar year.

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Mar 3, 2022 16:27

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China Rebar Inventory Shrank 261,800 mt on Week

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China Rebar Inventory Shrank 36,400 mt on Week

The inventory of rebar across Chinese steel makers and social warehouses stood at 7.9 million mt as of November 4, down 36,400 mt or 0.5% from a week earlier. Stocks are down 569,700 mt or 6.7% from a year earlier.

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Nov 5, 2021 11:00

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Long steel inventories in Guangzhou continue decline

Social inventories of long steel in Guangzhou, Guangdong province shrank 8.6% from a week ago

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Jun 14, 2018 11:59

Long steel inventories in Guangzhou continue decline

Long steel inventories in Guangzhou extend decline

Social inventories of long steel in Guangzhou shrank 6.8% from a week ago and stood at 1.15 million mt as of Thursday June 7

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Jun 7, 2018 14:09

Long steel inventories in Guangzhou extend decline

Rebar in-plant inventory sees smaller decline from a week ago

Overall rebar inventories in China dropped 6.1% from a week ago as of Thursday May 10, marking the eight consecutive weeks of decline, SMM data showed.

time

May 10, 2018 15:26

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Long steel inventory in Guangzhou continues decline

Long steel inventories in Guangzhou, Guangdong province fell 4.6% on the week.

time

Apr 19, 2018 11:22

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Snapshot: Major mills' hot-rolled output to grow 1.8% in Apr

Some 30 major flat steel producers plan to produce a total of 8.68 million mt of hot-rolled coil and plate in April, according to an SMM survey.

time

Apr 12, 2018 12:08

Snapshot: Major mills' hot-rolled output to grow 1.8% in Apr

Snapshot: China's steel output in Feb

Rebar production from 30 major longs mills across China is set to amount to 6.26 million mt in February, while hot-rolled coil output from 30 major flats mills is expected to be 8.27 million mt.

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Analysis SMM Insight

Snapshot: China's steel output in Feb

Flash: Steel prices stable amid rangebound futures

Rebar and wire rod transaction prices in China’s main markets were stable on the morning of Tuesday February 6, SMM learned.

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