According to statistics, as of March 26th, the scrap inventory at China's major steel mills totaled around 2.16 million tons, increasing by 14.78% compared to the same period a week ago, while dropping by 27.66% from the same period a year earlier.

The days of inventory use were 12.6 days, a week-on-week increase of 2.4 days and a year-on-year decrease of 2.5 days.