en.Wedoany.com Reported - The China Iron and Steel Association released social inventory data for mid-June. The total social inventory of five major steel products in 21 cities stood at 9.34 million tons, a decrease of 40,000 tons month-on-month, down 0.4%, indicating minimal inventory fluctuation. Compared with the beginning of the year, inventory increased by 2.13 million tons, up 29.5%; year-on-year, it rose by 1.58 million tons, up 20.4%.

By region, social inventory of steel products in seven major regions mostly increased in mid-June, with only East China and Central China seeing declines. East China recorded the largest reduction in volume, while Central China posted the largest percentage drop. Southwest China saw the largest increase in both volume and percentage. The month-on-month inventory changes by region are shown in the chart below.

By product type, social inventory of the five major steel products showed mixed changes in mid-June. Hot-rolled coils recorded the largest decrease in volume and percentage, while wire rods posted the largest increase in both. On a year-on-year basis, inventories of all five products rose to varying degrees, with rebar seeing the largest volume increase and wire rods the largest percentage increase. Specific inventory changes by product are detailed in the table below.

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