According to the inventory survey, as of August 10, 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 15.143 million tons, reduction of 157,000 tons the previous week, the steel stock for the third consecutive weekly drop. Compared to last year (August 12, 2011), the total inventory of 1.349 million tons, higher than the total inventory of rebar and wire rod higher than the same period last year, 1.642 million tons, an increase continued to fall.
 
Sub-varieties, the majority of last week, all varieties of steel inventories declined. Rebar inventories decreased by 93,000 tons, five weeks in a row drop rebar inventory total to 6.414 million tons, still higher than the 1.067 million tons over the same period last year, growth continued to decline. Sub-regional perspective, the stock decline in the market is still more than stock to increase the number of only seven regional stocks rebounded slightly. Common stock decline in the eastern and central region, there are eight regional stocks fell by more than 10,000 tons, Xi'an, Wuhan and Changsha market decline in more than 20,000 tons; inventories increased the most obvious is the Shenyang market, an increase of 34,000 tons, other markets incremental finite. Wire of the social stock reduced by 63,000 tons the previous week. 26 survey cities, 17 regional stocks fell, the Xi'an market to reduce the most obvious, a decrease of 15,000 tons; only seven regional stock a small increase, an increase of no more than 1 million tons.
 
Sheet stock, the inventory of hot rolled coils for the fourth consecutive week rise, but growth slowed from the previous week increased by 10,000 tons. Around the stock does not change much, only the Shanghai market increased by 1.1 million tons the previous week, is the most obvious changes area. Cold-rolled and plate stock last week, have slightly decreased, respectively, a decrease of 04,000 tons and 07,000 tons from the previous week. Decline and increase in the number of national inventory, and around the change in magnitude is not large.
Demand is still in the off-season situation, the social stock of steel three weeks of continuous decline, mainly due to the steel mills appeared to overhaul production effects. From late July, the growing number of domestic steel mills to overhaul production information. China Steel Association data also showed that late July the average daily production of crude steel, 1.9494 million tons, the mid-ring fell 2.2 percent, fell to its lowest level since early April. Efforts to cut the steel mills maintenance in August still strengthen and provide a good foundation for the continuous decline of stock.
 
However, the macro data for July show that the economic downturn trend is still not been effectively suppressed, and fixed asset investment growth was flat, the increase in industrial added value is somewhat lower, showed that downstream demand is still not out of the doldrums. With the steel prices gradually stabilized, steel mills maintenance cut the sustainability will be directly related to the post-inventory changes.



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