According to the inventory survey, as of July 13, 2012, the country's 26 major markets five varieties of steel (rebar, wire rod, hot rolled coil, cold rolled coils and plate), the social stock of 15.459 million tons, the previous week decreased by 8.9 million tons of steel stocks moving up two weeks later back down again. Compared to last year (July 15, 2011), the total inventory of 1.63 million tons higher than rebar and wire rod of the total inventory of 1.94 million tons higher than last year, growth continued to be significantly enlarged.
 
Varieties, five varieties of steel inventory to last week, fell across the board. Rebar inventories decreased by 0.2 million tons, 6.723 million tons of the national total rebar inventories are still 1.4 million tons higher than last year, growth continued to enlarge.
 
Regions, there are still half of the surveyed area stocks rebound, but are limited incremental, only the Shenyang market increased by over 10,000 tons. Only 10 districts in 26 regions inventories fell, Guangzhou and Harbin inventory decreased by 13,000 tons and 12,000 tons reduction is limited in other markets. Wire of the social stock continued to fall, a decrease of 43,000 tons from the previous week, the reduction has increased. Shenyang and Guangzhou Division decreased by 21,000 tons and 10,000 tons, the small magnitude of other changes in the market.
 
Sheet stock, the inventory of hot rolled coil for the second consecutive week down, a decrease of 26,000 tons from the previous week. Addition to the Shanghai market, inventories decreased by 1.4 million tons, the other parts of inventory changes are less than 10,000 tons, but only five markets stock a small increase in 13 markets declined, other markets remain unchanged.
 
Plate and cold rolled steel inventories declined 0.7 million tons and 11,000 tons respectively over the previous week, only plate stock market in Jinan, increased to 10,000 tons, around the inventory changes are not large, but the stock decline the market the number is greater than the increase in market number. Plate varieties, only the hot rolled coil stock up year-on-year decline, cold rolled coils and plate inventory than a year earlier, slightly higher.
 
Because of the social stock of steel decreased significantly in mid-July last year, total inventory has fallen below 14 million tons, at a relatively low level, making an increase this year to continue to expand. Increased pressure on the stock last week, Baosteel, sand steel and other leading steel mills introduced a new pricing policy, the major varieties of steel prices have dropped, the market price also appears to accelerate the decline. Drop in prices of steel, to a certain extent, or to stimulate the enthusiasm of dealer orders.
 
However, the domestic steel supply and demand relationship is still grim, on the one hand, the production decreased, the Bureau of Statistics data show that in June crude steel output to pick up again to more than 2 million tons, steel production year-on-year growth rate also increased. On the other hand, next week, most of the country will usher in strong rains, the characteristics of the traditional low season, the steel demand for the release is likely to continue to be suppressed.
 
Short-term inventory of steel pressure is still hard to effectively reduce.



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