Author: Admin Operation
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China: Steel mill inventories drop sharply in late May
Steel inventories at key iron and steel enterprises in China were 1.79 mnt in late May’22, as per data from the China Iron and Steel Association (CISA). Total inventory at CISA mills decreased 2.03 mnt, or 10.19% from the previous month. However, compared with the beginning of the year, inventories increased 6.64 mnt and vis-a-vis…