Analysis of Social Stock of Steel in August 2019

Analysis of Social Stock of Steel in August 2019

     In August 2019, the total annular ratio of five kinds of steel products in 20 cities in China increased considerably, including threaded steel and hot rolled coil. This month (August, the same below) total inventory of 14.02 million tons, an increase of 1.31 million tons annually, an increase of 10.3%; steel market inventory of 13.15 million tons annually, an increase of 1.3 million tons annually, an increase of 11.0%, port inventory of 870,000 tons, an increase of 10,000 tons annually, an increase of 10.0%.

expansion

The forming coils are mainly hot rolled coils and cold rolled coils. Hot rolled coils are processed before billet recrystallization. Cold rolled coil is the follow-up processing of hot rolled coil. The average weight of coil is about 15-30T. This year, China's hot rolling production capacity has been expanding, there are dozens of hot rolling production lines, and some projects will be built or put into operation.