China: Steel inventory rises at CISA mills in early July

The steel inventory at key Chinese enterprises stood at 18.04 mnt in early-July, a m-o-m increase of 1.09 mnt, or 6.49%, as per China Iron and Steel Association (CISA) data. Inventory increased by 6.75 mnt, or 59.76% compared with the beginning of the year and by 3.99 mnt, or 28.39% compared with the same period last year.