Finished steel inventories in China fall in late February

Finished steel inventories across the spot markets of 21 Chinese cities decreased by 140,000 tonnes, or 1.0%, in late February compared with the second 10 days of the month, according to the latest China Iron & Steel Association (CISA) data published on Monday March 6.

The decrease in late February marked the first decline on a roughly 10-day period basis since December 2022, pointing to the acceleration of a seasonal demand recovery.
 

February 21-28...

Published

Zihuan Pan

March 07, 2023

04:25 GMT

Shanghai