Detailed explanation of the steel social inventory monitoring report in early November!

Detailed Interpretation of the China Iron and Steel Association's Steel Social Inventory Monitoring Report for the First Ten Days of November

I. Overall Inventory Situation

• Time: The first ten days of November

• Monitoring Scope: 21 cities

• Steel Varieties: Five major types

• Total Social Inventory: 6.93 million tons

II. Month-on-Month Changes

• Decrease from Previous Period: 70,000 tons

• Month-on-Month Decline Rate: 1.0%

• Change in Inventory Decline: Narrowing

The month-on-month data shows that compared to the previous ten-day period, the social inventory of steel has declined, but the rate of decline has narrowed, indicating that the pace of inventory reduction is slowing down.

III. Year-on-Year and Year-to-Date Comparisons

• Compared to the Beginning of the Year: A decrease of 360,000 tons, a drop of 4.9%

• Compared to the Same Period Last Year: A decrease of 990,000 tons, a drop of 12.5%

The year-on-year and year-to-date comparison data indicate that the social inventory of steel has shown a downward trend. Compared to the beginning of the year, the inventory has decreased by 360,000 tons, with a decline rate of 4.9%; while compared to the same period last year, the inventory has decreased even more, by 990,000 tons, with a decline rate of 12.5%.

IV. Interpretation and Suggestions

1. Reasons for Inventory Decline: The decline in inventory may be influenced by various factors, including increased market demand and production reductions by steel enterprises. In terms of market demand, with the recovery of the economy and the advancement of infrastructure construction, the demand for steel may have increased; while on the side of steel enterprises, in response to market changes and environmental protection requirements, some enterprises may have chosen to reduce production or adjust their product mix.

2. Market Trends: From the changes in inventory data, the current steel market may be in a relatively stable phase. However, the future trend of the market will still be affected by various factors, including domestic and international economic situations, policy changes, and raw material prices.

3. Suggestions: For steel enterprises and related industries in the supply chain, they should closely monitor market dynamics and policy changes, promptly adjust production and sales strategies. At the same time, they should also strengthen technological innovation and environmental protection investments to improve product quality and competitiveness.

The China Iron and Steel Association's steel social inventory monitoring report for the first ten days of November indicates that the current social inventory of steel is showing a downward trend, but the rate of decline has narrowed. The future trend of the market will be influenced by various factors, and enterprises need to closely monitor market dynamics and make corresponding adjustments.