China’s HRC inventories up 8.5% in early October; steel output drops

• Wednesday, October 14, 2020
• Source:ferro-alloys.com

•  Save  Print

  Font: Big Middle Small
• Share

• Keywords:China, HRC inventories, steel output

[Ferro-Alloys.com] 

Steel inventories at member mills of the China Iron & Steel Association (CISA) and in the spot market both increased in early October, although mills cut crude and finished steel output, according to data released on Wednesday October 14.

 

October 1-10 output

Crude steel: 2.17 million tonnes per day, down by 0.84%

Finished steel: 2.04 million tpd, down 8.05%

Hot metal: 1.92 million tpd, up 1.08%

October 1-10 inventories

Mill finished steel inventories

Total: 13.59 million tonnes, up by 2 million tonnes (17.22%)

Spot market inventories

Hot-rolled coil: 2.05 million tonnes, up by 8.5%

Cold-rolled coil: 1.19 million tonnes, up by 5.3%

Plate: 1.02 million tonnes, down by 7.4%

Wire rod: 2.05 million tonnes, down by 7.9%

Rebar: 6.33 million tonnes, down by 0.5%

Total (all five major products): 12.64 million tonnes, up by 410,000 tonnes (3.4%).

 

Source: Metalbulletin

 

********************

 

The 2nd China Manganese Rich-Slag Technology Innovation and Policy Summit

Beijing, China    Oct. 30-31 2020

 

 

Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!

• [Editor:kangmingfei]