Steel social inventories fell 4.1% in Dec: CISA-Shanghai Metals Market

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Steel social inventories fell 4.1% in Dec: CISA

Data Analysis 03:49:22PM Dec 27, 2018 Source:SMM

SHANGHAI, Dec 27 (SMM) – Social inventories of five major types of steel products across 20 cities extended declines in December as they shrank 4.1% from November to stand at 8.24 million mt, according to data released by China Iron and Steel Association (CISA) on December 27. 

Stocks of hot-rolled coil, among the surveyed five kinds of products, registered the biggest decline by 17% on a monthly basis. 

Among total steel social inventories, stocks across the markets decreased 6.7% from November to 7.22 million mt, while port stocks grew 18.4% to 1.02 million mt. 

Key Words:  Inventory data   Steel  

Steel social inventories fell 4.1% in Dec: CISA

Data Analysis 03:49:22PM Dec 27, 2018 Source:SMM

SHANGHAI, Dec 27 (SMM) – Social inventories of five major types of steel products across 20 cities extended declines in December as they shrank 4.1% from November to stand at 8.24 million mt, according to data released by China Iron and Steel Association (CISA) on December 27. 

Stocks of hot-rolled coil, among the surveyed five kinds of products, registered the biggest decline by 17% on a monthly basis. 

Among total steel social inventories, stocks across the markets decreased 6.7% from November to 7.22 million mt, while port stocks grew 18.4% to 1.02 million mt. 

Key Words:  Inventory data   Steel