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China's 5 major steel supply rebounds in past week

8 Aug 2022 16:40 reported by Blanca

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In the past week, the supply of China's five major steel products, including rebar, wire rod, steel plate, cold-rolled coil, and hot-rolled coil, continued to increase with improved demand and rebounded profits.

In terms of consumption, the weekly consumption of the five major steel products decreased by 1.1%. Among them, the consumption of building materials decreased by 0.2% week on week, and the consumption of steel plates decreased by 1.9% week on week.

To sum up, the status of China's demand will be maintained in the short term.

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