The Social Inventory Of Steel In Mid-September Was 9.31 Million Mt, A Decrease Of 2.7% MoM

According to the China Iron and Steel Association, in mid-September, the social inventory of the five major types of steel in 21 cities was 9.31 million mt, a month-on-month decrease of 260,000 mt, or 2.7%, and the inventory decline slightly expanded. It rose by 1.79 million mt, or 23.8%, from the beginning of the year, an increase of 590,000 mt YoY, or 6.8%.