China Iron and Steel Association: Social steel inventory in mid-February was 9.53 million tons, an increase of 22.0% month-on-month.

According to the China Iron and Steel Industry Association, as of February 25th, in mid-February, the social inventory of 5 major types of steel in 21 cities was 9.53 million tons, an increase of 1.72 million tons compared to the previous period, an increase of 22.0%, and the inventory is rising rapidly. Compared to the beginning of the year, it increased by 2.32 million tons, an increase of 32.2%; compared to the same period last year, it decreased by 1.20 million tons, a decrease of 11.2%.