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After the long vacation of national day, the domestic inventory of steel products largely increased. According to the statistics of “My steel” website, the total inventory of national main 25 cities reached 15,190,000 tons, increased 5%. This is the first time since May that the inventory breaks 15,000,000 tons.
Among the five main varieties, corrugated steel and wire increased most, they respectively increased 320,000 and 140,000 tons, grew 5.6% and 1.2%. Hot-dip and thick plate also grew about 4% while cold-rolled only increased 1.7%.
The largely growth of inventory may further pressing the market price. “My steel” analysis report indicates the price of constructional steel or other main products may keep all-time low after the National day.
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