China's steel inventory rises over 20% m-o-m in early Feb'22

In the first 10 days of Feb'22, the steel inventory of China's main iron and steel enterprises stood at 16.85 mnt, an increase of 3.17 mnt or 23.18% month-on-month. Inventory increased 3.93 mnt, or 30.42%, over the same period of last month, as per data from the China Iron & Steel Association (CISA).

Compared with the same period of last year, inventory increased by 2.38 mnt or 16.49%.