The social steel stock is in a relatively reasonable state at present

According to the latest data released by the Market Research Department of China Iron and Steel Industry Association, in the middle of October, the social stock of five major steel varieties in 20 cities was 12.16 million tons, a decrease of 480000 tons or 3.8% compared with the previous ten days. After reaching the peak in early March, the social steel stock fell rapidly, but since June, it has been in a small fluctuation state. The current social steel stock is still higher than the same period last year, considering the current high production, social steel stock is in a relatively reasonable state.

In terms of regions, in the middle of October, the steel stock of seven major regions generally showed a downward trend, among which East China had the largest reduction, with a month on month decrease of 150000 tons, a decrease of 4.7%; a decrease of 90000 tons in North China, a decrease of 8.1%; a decrease of 70000 tons in southwest and South China, respectively, of 2.6% and 2.1%; a decrease of 60000 tons in the northeast, a decrease of 14.3%; a decrease of 40000 tons in the northwest, a decrease of 6.7%; and a decrease of steel stock in Central China on a month on month basis.