9,312.13 TRY BIST 100 BIST 100
5.25 CNY CNY CNY
43.91 EUR EUR EUR
38.30 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
46.74 TRY Interest Interest
66.21 USD Fossil Oil Fossil Oil
41.10 USD Silver Silver
488.00 USD Copper Copper
100.29 USD Iron Ore Iron Ore
352.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,091.06 TRY Gold (gr) Gold (gr)

Steel product stocks increased in China

According to data from the China Iron and Steel Association (CISA), stocks of five major steel products in China's 21 cities increased by 7.1% to 7.81 million tons in early January (January 1-10) compared to the end of December.

Steel product stocks increased in China

According to the data announced by CISA, this stock increase was 7.7% lower than the same period last year, that is, 0.65 million tons less.

At the beginning of January, stocks in eastern China attracted attention with an increase of 120,000 tons, or 5.7%, compared to ten days ago, while the northern China region recorded an increase of 110,000 tons, or 11.6%, in stocks, showing the highest increase among other regions.

Steel stocks in southwest China increased by 100,000 tonnes, up 9.3% compared to the previous ten days. According to the data announced by CISA, the production of Southern China increased by 90,000 tons by 6.1% compared to ten days ago.

Stocks in central China increased by 50,000 tons, or 6.8%, compared to ten days ago, while stocks in northwestern China increased by 40,000 tons, an increase of 7.4% compared to previous sessions. Stocks in Northeast China increased by 10,000 tons, or 2.6%, compared to ten days ago.

CISA data showed that hot rolled coil stocks increased by 2.1% in early January compared to ten days ago, reaching 1.47 million tons, while cold rolled coil stocks increased by 2.9% to 1.06 million tons.

Medium thick plate stocks increased by 7.4% compared to ten days ago to 1.01 million tons, while wire stocks increased by 10.8% to 920,000 tons.

The data also showed that rebar stocks reached 3.35 million tons in the session ending January 10, increasing by 9.8% compared to ten days ago.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Qatar Chamber and German delegation strengthen economic cooperation

Thursday, April 24, 2025

Mining partnership between Algeria and China

Thursday, April 24, 2025

Europe in the Process of Green Transformation: Is the Steel Industry Ready for Carbon Adjustment at the Border? 

Thursday, April 24, 2025

İÇDAŞ signs tugboat agreement with maritime company Damen

Thursday, April 24, 2025

Canada launches AD investigation into steel imports from 10 countries, including Türkiye

Thursday, April 24, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now