Stocks of main finished steel products in China down 4.1% in early June

On June 10 this year, overall domestic inventories of the five main finished steel products in 21 major cities in China totaled 9.89 million mt, down 420,000 mt or 4.1 percent compared to May 31, as announced by the China Iron and Steel Association (CISA). In particular, as of June 10, domestic inventory of hot rolled coil (HRC), cold rolled coil (CRC), wire rod and rebar amounted to 2.0 million mt, 1.18 million mt, 1.18 million mt and 4.57 million mt, decreasing by 1.0 percent, 0.8 percent, 6.3 percent and 6.5 percent, respectively, while domestic inventory of common medium palate reached 0.96 million mt, rising by 1.1 percent, all compared to May 31.