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SteelHome: Steel Inventory Dropped, EAF Operating Rate Up

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  • Company Name :Shanghai SteelHome E-Commerce Co., Ltd
  • Membership :Free member
  • Registrarion Date :2009. 03. 24
  • CountryRegion:China
  • Address:Zongcheng Building,dongfang road 818, Shanghai, China Shanghai Shanghai, China
  • Phone / Fax:86-21-50585733  /  86-021-50585368
  • Contact:Tina Tong   skype_chat
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SteelHome: Steel Inventory Dropped, EAF Operating Rate Up
I Steel inventory dropped; iron ore inventory at China main ports soared
1 Steel inventory dropped
During October 15-22, 2020, market inventory and steel mill inventory of five steel products were 21.94 million tons, down 500,000 tons from last week. In terms of steel products, construction steel inventory were 14.68 million tons, down 410,000 tons from last week (the decrement in last week was 620,000 tons); flat steel inventory attained 7.26 million tons, down 90,000 tons from last week.
Steel mills inventory totaled 7.35 million tons, up 70,000 tons from last week (the decrement in last week was 390,000 tons), the market inventory was 14.59 million tons, down 570,000 tons from last week (the decrement in last week was 400,000 tons).
2. Iron ore inventory at China ports soared
Imported iron ore inventory at ports attained about 127.80 million tons, up 3.3 million tons from last week and down 3.3 million tons, 16.20 million tons and 4.35 million tons from the same period of 2019, 2018, and 2017.
II Rebar, HRC and medium and heavy plate trading volume remained high
In this week, daily average trading volume of rebar was 101,948 tons, up 0.4% from last week (101,578 tons), up 26.9% from average trading volume (80,369 tons) in 2019 and up 23.1% year on year (82,841 tons in the same period of last year).
Daily average trading volume of HRC attained 27,935 tons, up 0.02% from last week (27,929 tons), increased by 26.9% from the average trading volume in 2019 (22,006 tons in the same period of last year) and up 31% year on year (21,321 tons in the same period of last year).
Daily average trading volume of medium and heavy plate totaled 25,940 tons, down 1.9% from last week (26,446 tons), up 22.9% of the average trading volume (21,109 tons in the same period of last year) in 2019 and up 28.8% year on year (20,140 tons in the same period of last year).
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  • Related Keywords :rebar, HRC
  • Date Posted : 2020. 10. 26
  • Valid Until : 2021. 10. 26

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  • SteelHome: Steel Inventory Dropped, EAF Operating Rate Up

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