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What was the trend in steel social inventories in the first half of June?

2024-06-21 10:48:52

China Iron and Steel Industry Association Market Research Department


In the first half of June, the social inventory of 5 major varieties of steel in 21 cities was 10.53 million tonnes, down 80,000 tonnes, down 0.8%, the inventory continued to fall, the rate of decline narrowed; 3.24 million tonnes more than at the beginning of this year, up 44.4%; 640,000 tonnes more than the same period last year, up 6.5%.

South China

For the largest reduction in steel social inventories in the region

In the first half of June, divided into regions, the 7 regional inventory ring ratio of each rise and fall, the specific situation is: South China inventory ring reduced by 50,000 tonnes, down 1.9%, for the largest reduction in the region; Northeast China reduced by 20,000 tonnes, down 2.9%, for the largest drop in the region;Central China decreased by 20,000 tonnes, down 1.5%; North China decreased by 10,000 tonnes, down 1.1%; East China increased by 10,000 tonnes, up 0.3%; Northwest China increased by 10,000 tonnes, up 1.3%; Southwest China was flat.

Rebar for the largest reduction of varieties

In the first half of June, five varieties of steel social inventories have risen and fallen. Among them, rebar for the largest reduction in varieties, wire rod for the largest drop in varieties, plate for the largest increase and increase in varieties.

Hot rolled steel coil inventory was 2.4 million tonnes, a decrease of 10,000 tonnes, down 0.4%, inventory fluctuations in the high level; 960,000 tonnes more than at the beginning of this year, up 66.7%; than the same period last year, an increase of 400,000 tonnes, up 20.0%.

Cold rolled steel coil inventory was 1.35 million tonnes, an increase of 10,000 tonnes, up 0.7%, inventory from decline to rise; than the beginning of this year, an increase of 320,000 tonnes, up 31.1%; than the same period last year, an increase of 170,000 tonnes, up 14.4%.

Medium plate inventory was 1.21 million tonnes, an increase of 30,000 tonnes, up 2.5%, inventory from decline to rise; than the beginning of this year, an increase of 270,000 tonnes, up 28.7%; than the same period last year, an increase of 250,000 tonnes, up 26.0%.
rebar

The inventory of wire rod was 950,000 tonnes, down 20,000 tonnes or 2.1%, and the inventory continued to fall; it was 120,000 tonnes or 14.5% higher than that at the beginning of this year, and 230,000 tonnes or 19.5% lower than that at the same period of last year. 

Rebar stocks were 4.62 million tonnes, down 90,000 tonnes or 1.9% from a year earlier, with the decline in stocks narrowing; 1.57 million tonnes or 51.5% more than at the beginning of this year; and 50,000 tonnes or 1.1% more than at the same time last year.