China: Steel inventory at CISA mills rises marginally in early October

Steel inventory at Chinese mills in early Oct’22 stood at 16.31 mnt, up by 4,34,000 t or 2.73% from late-Sep’22, as per CISA data.

• Inventory declined by 7,47,600 t or 4.38% m-o-m.
• Compared with the beginning of the year, inventory increased by 5.02 mnt.
• Inventory increased by 3.47 mnt or 27.06% compared to the same period last year.