This Friday, the inventory of major steel varieties decreased by 1.45% compared with the previous week to 19.4623 million tons, while the output increased by 2.3% compared with the previous week. The apparent demand rose by 8.82% compared with last week to 8.6848 million tons. Specifically, the weekly output of rebar increased by 4.11% month-on-month to 2.0333 million tons, the total inventory decreased by 0.53%, and the demand rose by 17.69% month-on-month to 2.0809 million tons. The output of wire rods increased by 3.88% month-on-month to 805,800 tons, the total inventory decreased by 2.08%, and the balance sheet demand rose by 22.53% month-on-month. The total inventory of hot-rolled coils decreased by 2.18% month-on-month to 4.6129 million tons, while production increased by 1.68% to 3.0021 million tons. The demand for on-demand rose by 5.13% month-on-month to 3.1051 million tons.

Note: The total inventory of major steel varieties in domestic steel mills refers to the sum of the inventories of five major steel varieties, namely rebar, wire rod, cold-rolled steel, hot-rolled steel and medium and heavy plates, in domestic steel mills for the current week.

The total social inventory of major steel varieties across the country refers to the sum of the social inventories of five major steel varieties, namely, rebar, wire rod, cold-rolled steel, hot-rolled steel and medium and heavy plates, in the current week. That is, the steel inventory in the market and at ports, excluding the inventory in steel mills. It is influenced by both supply and demand and reflects the market's ability to absorb supply.

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