China's finished steel stocks extend rise in late Feb, CISA

sxcoal.com General,  Steel Products 2024-03-04 10:41:28

Inventory of five major steel products in China's 21 cities continued to increase in late February (February 21-29), up 12.8% or 1.55 million tonnes from mid-February to 13.67 million tonnes, according to data from the China Iron and Steel Association (CISA).

 

The volume was also 0.7% or 90,000 tonnes higher than the year-ago level, data showed.

 

As of February 29, central China saw stocks increase 430,000 tonnes or 37.7% from ten days ago, marking the biggest increment and growth rate among all regions. Southern China registered a 350,000 tonnes or 13.0% increase in stocks compared to ten days earlier.

 

Steel stocks in eastern China rose 240,000 tonnes or 7.7% compared to the previous ten days, while that of southwestern China increased 180,000 tonnes or 11.1% from ten days earlier, according to the CISA.

 

Stocks in northwestern China increased 150,000 tonnes or 12.5% from ten days ago. That of northern China grew 130,000 tonnes or 8.2% from the preceding session, while inventories in northeastern China rose 70,000 tonnes or 9.2% compared with ten days ago.

 

Stocks of hot-rolled coil came in at 2.33 million tonnes in late February, up 15.9% from ten days ago, and that of cold-rolled coil was 1.43 million tonnes, climbing 1.4% from the previous ten days.

 

Medium-thick plate stocks stood at 1.37 million tonnes, up 4.6% from ten days ago, while wire stocks increased 17.7% to 1.73 million tonnes.

 

The CISA data also showed rebar stocks stood at 6.81 million tonnes as of February 29, rising 15.0% from ten days ago.

 

(Writing by Riley Liang  Editing by Harry Huo)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editor's Pick

1 China's portside thermal coal prices stabilize 2024-04-24

China's portside thermal coal prices were largely stable on April 24, as sellers were motivated to maintain prices following the top miner's recent price adjustments.Prevailing offers for 5,500 Kcal/k

2 China's coking coal price rally slows on traders' prudent buying 2024-04-24

Coking coal prices in China continued to rise on the back of sustained demand from downstream coke and steel firms, although the pace slowed down as some speculative traders reduced their purchases fo

3 China adjusts down rail coal freight rates to boost transport 2024-04-24

China's coal suppliers are pleased with the recent announcement of reduced freight rates by local railway authorities, aiming to cut transport costs and increase volumes.Since early April, there has b

4 Review: China Mar thermal coal imports climb 25%+ MoM; Indonesian coal falls to 60% 2024-04-24

China's thermal coal imports in March hit a new high of the month in history, with an increase of more than 25% from February and some 3% growth year on year, the latest customs data showed.According

5 Chinese key steel mills' daily crude steel output up 0.3% in mid-Apr 2024-04-24

China's key steel mills registered a 0.33% growth in daily output of crude steel to 2.19 Mt over April 11-20, showed the latest data from China Iron and Steel Association (CISA).The output, however, r

6 China futures market updates at close (Apr 24) 2024-04-24

Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

7 China's cement sector may face slowdown amid property woes 2024-04-24

China's cement sector has been struggling this year, as the ongoing weakness in the housing market continues to weigh on the demand for the building material.Cement production amounted to 337 million

8 China Coal Daily Track (Apr 24) 2024-04-24

Thermal coalProduction area Shanxi and Inner Mongolia saw relatively stable prices, while prices in Yulin and Shenmu, Shaanxi decreased slightly. Coal supply contracted as some miners cut or suspended

9 Int'l thermal coal prices trend upward amid positive factors 2024-04-24

International thermal coal market gained strength to edge up last week, mainly due to the Middle East tensions and improved demand from Chinese and Indian buyers.Supply SideIndonesia Indonesian miners

10 Australia Feb coal export value down for 2nd mth 2024-04-24

Australia's coal exports were worth A$7.17 billion ($4.6 billion) in February, declining for the second consecutive month, with a decrease of 0.4% from the month before and falling 19.89% from a year

Most Read Articles

1 China Mar power consumption up 7.4% YoY 2024-04-18

China consumed 794.2 TWh of electricity in March 2024, rising 7.4% on the year, according to data released by the National Energy Administration on April 17.The primary industries, primarily the agric

2 Shaanxi's top coal miner reports 5.4% rise in Q1 net profit 2024-04-18

Shaanxi Coal and Chemical Industry Group, the largest coal miner in northwestern China's province of Shaanxi, generated net profit of 10.82 billion yuan ($1.5 billion) in the first quarter of this yea

3 China thermal coal market in figures (Apr 18) 2024-04-18

China thermal coal market key figures in focus. The latest data for thermal coal prices, stocks, shipments in major production areas, transfer ports and most followed downstream sector data.

4 China's raw coal output declines amid narrowed gains in major producing areas 2024-04-19

China's raw coal production has exhibited a downward trend since the beginning of this year, pressed by shrinking gains in major coal-producing regions, according to the National Bureau of Statistics

5 China Mar coal exports up 41.3% on yr, cement up 46.7% 2024-04-18

China exported 0.38 million tonnes of coal in March this year, soaring 41.3% from the same month last year, the latest customs data showed.This brought the total coal exports to 1.39 million tonnes in

6 Japan Mar coal imports down 6.1% on yr, prelim data 2024-04-19

Japan imported 13.13 million tonnes of coal in March, a 6.1% decrease year on year, showed the preliminary data from the Ministry of Finance on April 17.The import value amounted to 385.48 billion yen

7 China's steel recovery drives surge in coking coal, coke prices 2024-04-19

Coking coal and coke prices in China have bounced back significantly, primarily driven by accelerated restocking from steel mills amid improved profitability.On April 18, the Fenwei CCI index for Shan

8 BHP's met coal output drops 15.5% in 3Qs FY2024 2024-04-18

BHP Group reported a 15.5% year-on-year decline in metallurgical coal production during the first three quarters of the current financial year.The company's metallurgical coal output totaled 17.35 mil

9 China met coal market in figures (Apr 19) 2024-04-19

China coking coal, met coke and steel market key figures in focus.

10 Shanxi Q1 outbound power transmission hits new high 2024-04-18

Northern China's Shanxi province set a new record high in outbound power transmission over January-March this year, according to State Grid Shanxi Electric Power Company.The coal-rich province supplie