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China’s social stocks of 5 major steel products in week ending Apr. 19 decrease w-o-w

23 Apr 2024 16:10 reported by Stanley Wang

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In the week ending on April 19, the inventory of China’s five major steel products was about 14.9 million tons, slightly decreasing by 3.88% from the previous week. It has declined for six consecutive weeks, and the decrease has expanded for three consecutive weeks.

Among them, the inventory of rebar (about 7.55 million tons), wire rods (about 1.07 million tons), hot-rolled products (about 3.3 million tons), cold-rolled products (about 1.45 million tons), and medium-thick plates (about 1.53 million tons) decreased by 5.2%, 9.7%, 0.73%, 0.96% and 2%, respectively.

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