According to the monitoring of the Iron and Steel Association, in early November, the inventory of key steel enterprises was 14.69 million tons, an increase of 920,000 tons and a growth rate of 6.7% compared to the previous period. Compared with the same period last year, the inventory increased by 12.4%, but decreased by 12.2% compared with the end of last year.

On the other hand, from the perspective of social inventory, in early November, the social inventory of 5 major steel varieties in 21 cities was 7.92 million tons, a decrease of 650,000 tons or 7.6% compared to the end of October. Compared with the same period last year, social inventory increased by 5.3%, and compared with the end of last year, it increased by 1.4%. Overall, the inventory of steel enterprises and social inventory continue to decrease, and the market supply pressure has eased somewhat.