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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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Long steel inventories in Guangzhou continue decline

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Jun 14, 2018 11:59

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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.

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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.

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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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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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