August, domestic steel stocks has increased, which spiral had significant increased, at present, inventory of five varieties total 13,836,000 tons, a net increase of 102,000 tons weekly chain. However, compared with the end of July, the total still declined.
Last week the most obvious incremental is thread and wire, however, compared with the end of last month, H BEAM IPE IPEAA flat, Steel Channel Angles is increased, other species showed a downward trend, which was less than one million tons wire stock.
In August for the whole of the inventory status, the West Shinkansen monitoring data show that domestic construction steel stocks declined slightly in August, to lighten up 1.9 percent overall from the previous month, the current national construction steel inventory levels decreased by 8% over last year, while Shanghai market, inventory levels reduced by 32% over last year.
Overall, the domestic construction steel stocks hit new high in early March, after declining, Steel Bars stocks have been among 24 consecutive weekly decline, steel stocks which have five weeks increased slightly, 19 week of decline, stocks of low-level support for the formation of a strong trend in steel prices.