Author: Sakeena Rizvi

The China Iron and Steel Association (CISA) reported steel inventory of key enterprises in late-February 2024 stood at 18.020 million tonnes (mnt), a decrease of 959,000 tonnes (t) or 5.05% compared to 18.978 mnt in mid-February. Moreover, inventories rose by 5.82 mnt or 47.71% m-o-m compared with 12.199 mnt in late-January. In addition, inventories increased…