02:46
China Steel Association: In late July, the key statistics for steel enterprises showed a steel inventory of 14.78 million tons, a year-on-year decrease of 7.9%.
Jin10 data reported on August 6th that the China Iron and Steel Association's key statistics showed that the steel inventory of steel enterprises was 14.78 million tons at the end of July, a decrease of 880,000 tons compared to the previous ten days, down 5.6%; an increase of 2.41 million tons compared to the beginning of the year, a rise of 19.5%; a decrease of 670,000 tons compared to the same period last month, down 4.3%; a decrease of 1.27 million tons compared to the same period last year, down 7.9%; and an increase of 290,000 tons compared to the same period two years ago, a rise of 2.0%. Among the six major regions, except for the northern and northwestern regions where key statistical enterprises' steel inventories increased compared to the previous ten days, and the southwestern region which remained basically flat compared to the previous ten days, other regions all saw varying degrees of decline.