China: Steel inventory at CISA-affiliated mills continues to rise in mid-September

Steel inventory at Chinese mills in mid-Sep’22 stood at 17.66 mnt, up by 596,500 t or 3.50% m-o-m, as per CISA data.

• Inventory rose by 331,800 t in the first 10 days of the month.
• Compared with the beginning of the year, inventory increased by 6.36 mnt.
• Inventory increased by 4.35 mnt, or 32.77%, as against the same period of last year.