In the first half of this year, China's steel industry into a loss situation of the whole industry. As steel prices continue to decline, some steel mills have cut production. Nevertheless, to inventory pressures faced by the steel industry. China Steel Industry Association data show that the end of July, steel Social inventory ring fell 1.07 percent, but still an increase of 19.22% compared to the beginning of the year, and steel to the stock speed is already slowing down. At the same time, as the imported iron ore prices continue to drop nearly a million tons of iron ore port stocks how to digest the problem still is placed in front of the industry.
 
Steel destocking is slowing down
 
Since the high point in February of this year, steel stocks have been maintained at above 15 million tons. Since March, the stock began to decline in July to stock speed started to slow down.
 
China Steel Industry Association data show that the end of July, five of the country's 26 major steel market steel products (plate, cold-rolled sheet, hot rolled sheet, wire rod and rebar) social inventory of 15.38 million tons, the end of last month decline 17 million tons, a decline of 1.07 percent, the third consecutive month decline narrowed. Sub-varieties of the situation point of view, the wire, rebar and cold rolled sheet stock continues to drop, ring, respectively, decreased 2.38%, 1.37% and 1.04%; plate inventory from up to down, a drop of 2.18%; hot-rolled coil stock by down turned up, an increase of 0.49%.
It is noteworthy that, after nearly five months of continuous decline, but compared with the beginning inventory of steel is still an increase of 2.48 million tons, an increase of 19.22%; compared with a year earlier, inventories increased by 1.53 million tons, an increase of 11.02%. Can see that this year, steel stocks have been maintained in more than 15 million tons level. Among them, the end of February had reached a high of 18.94 million tons.



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