SMM weekly updates on steel inventory in China by product type as of Oct 25

Published: Oct 25, 2024 10:10
Source: SMM
This week, the HRC social inventory was 3.4624 million mt, down 141,100 mt WoW, down 4.19% WoW, and down 10.14% YoY.

This week, the HRC social inventory was 3.4624 million mt, down 141,100 mt WoW, down 4.19% WoW, and down 10.14% YoY.
This week, the HRC in-plant inventory was 1.1453 million mt, up 21,200 mt WoW, up 1.89% WoW, and up 5.52% YoY.
This week, the total HRC inventory was 3.6077 million mt, down 119,900 mt WoW, down 3.22% WoW, and down 1.31% YoY.

This week, the total rebar inventory was 4.0581 million mt, up 80,300 mt WoW, up 2.02% WoW, and down 24.81% YoY.
This week, the rebar social inventory was 2.5064 million mt, down 40,000 mt WoW, down 1.57% WoW, and down 30.33% YoY.
This week, the rebar in-plant inventory was 1.5517 million mt, up 120,200 mt WoW, up 8.40% WoW, and down 13.77% YoY.

This week, the total wire rod inventory was 1.2494 million mt, up 4,200 mt WoW, up 0.34% WoW, and down 12.00% YoY.
This week, the wire rod social inventory was 500,300 mt, down 42,200 mt WoW, down 7.78% WoW, and down 17.69% YoY.
This week, the wire rod in-plant inventory was 749,100 mt, up 46,400 mt WoW, up 6.61% WoW, and down 7.74% YoY.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Steel] Tata Steel to merge NINL; plans $2 billion investment in Singapore subsidiary
3 hours ago
[SMM Steel] Tata Steel to merge NINL; plans $2 billion investment in Singapore subsidiary
Read More
[SMM Steel] Tata Steel to merge NINL; plans $2 billion investment in Singapore subsidiary
[SMM Steel] Tata Steel to merge NINL; plans $2 billion investment in Singapore subsidiary
[SMM Steel] Tata Steel Limited announced on March 18, 2026, the merger of its wholly-owned subsidiary, Nilachal Ispat Nigam Limited (NINL), to consolidate its long products business. The merger aims to enhance management efficiency and accelerate capacity expansion at the Odisha mill from 0.98 million mt to 4.8 million mt. Additionally, the board approved a $2 billion investment in its Singapore-based subsidiary, T Steel Holdings Pte Ltd (TSHP), starting in FY 2026-27 to support overseas operations, fund capex, and restructure existing debts.
3 hours ago
MMi Daily Iron Ore Report (March 18)
4 hours ago
MMi Daily Iron Ore Report (March 18)
Read More
MMi Daily Iron Ore Report (March 18)
MMi Daily Iron Ore Report (March 18)
Today, DCE iron ore futures were in the doldrums today. The most-traded contract, I2605, finally closed at 811 yuan/mt, down 0.12% from the previous trading session. Spot prices fell by about 2-5 yuan from the previous trading day.
4 hours ago
[Brief Review of China’s Iron Ore Market] Resource Supply in West Liaoning Was Tight, and Local Ore Prices Might Rise Slightly
5 hours ago
[Brief Review of China’s Iron Ore Market] Resource Supply in West Liaoning Was Tight, and Local Ore Prices Might Rise Slightly
Read More
[Brief Review of China’s Iron Ore Market] Resource Supply in West Liaoning Was Tight, and Local Ore Prices Might Rise Slightly
[Brief Review of China’s Iron Ore Market] Resource Supply in West Liaoning Was Tight, and Local Ore Prices Might Rise Slightly
[China Iron Ore Brief Review: Tight Resources in West Liaoning, Local Ore Prices May Edge Up Slightly] The domestic ore market in west Liaoning was relatively stable, with the ex-factory prices of 66-grade iron ore concentrates, wet basis and excluding tax, at 730-740 yuan/mt. Supply and demand were clearly in a wait-and-see mode. Beneficiation plants, considering the relatively small inventory pressure, temporarily held back from selling. Against this backdrop, traders were not highly motivated to make inquiries, and only a few made price inquiries based on their own needs. Affected by safety and environmental protection inspections, mining was restricted, and a small number of operating beneficiation plants suspended production for maintenance due to constraints in ROM resources. Circulating spot resources remained tight, which still provided certain support for ore prices.
5 hours ago