Low stocks of rolled metal in China

According to data published last month, stocks of rolled metal in China fell by 16.4% compared to the same period last year.

Steel stocks in China are decreasing in proportion to production, while this decline is gradually increasing, reflecting the current limited supply and demand for steel in China.

Due to this situation, raw material prices and logistics costs have increased, coupled with various factors such as inflation in US dollars, steel prices in China have increased dramatically.

If the situation with supply and demand cannot be alleviated, steel prices will continue to rise, which will inevitably affect the development of the processing and marketing industries.

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