Inventories of major finished steel products in China continued to decline in late May, indicating relatively stable market shipments despite ongoing concerns over steel demand.
According to the latest inventory survey, total stocks of major finished steel products stood at 13.31 million mt as of late May, down 1.6 percent compared to mid-May levels.
Several key steel products recorded lower inventory levels during the period:
- Rebar inventories fell by 2.8 percent
- Wire rod stocks declined by 4.6 percent
- Hot rolled coil inventories decreased by 1.1 percent
- Medium plate inventories dropped by 0.8 percent
Meanwhile, cold rolled coil inventories recorded a slight increase compared to the previous survey period.
The continued decline in overall inventories suggests that steel shipments remained relatively stable across the market, helping offset pressure from slower construction activity and cautious purchasing sentiment.
While demand recovery remains uneven across different sectors, the reduction in stock levels indicates that supply and demand conditions have remained largely balanced in the Chinese steel market.
VietnamSteel by Hoa Sen Group
