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Inventory quarter - to - quarter decline, steel prices fell

2023-05-12
Current period (May 5 to 11), the main steel social inventory of 13,302,500 tons, compared to the previous period reduced 447,800 tons, compared to the same per...
The total inventory of large varieties on Friday was 18,724,800 tons, down 848,200 tons from the previous period. Supply side, this week in addition to the thick plate, the rest of the steel production continued to decline, steel production structural adjustment is still continuing. In terms of demand, the downstream replenishment mood after the holiday is good, and the consumption of various steel varieties is up significantly from the previous month. In terms of inventory, at the present stage, most enterprises speed up the pace of warehouse forward, which has achieved the purpose of shortening the sales cycle and ensuring sales profits. Meanwhile, there is also a certain demand for replenishment in the terminal after the holiday. Multiple factors lead to the steel inventory turning into a state of depletion again.

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