As of February 22 of this year, the inventory of the main types of metal rolling in the main markets of Steel China showed that the amount of sheet steel, hot -rolled rolls, cold -rolled rolls, reinforcement and skit reached 20 million 383 thousand 700 tons, which is almost two and a half million tons more than a week earlier. The growth of the remains of metal products in warehouses increases the tenth week in a row. This was reported by the Association of Cast iron manufacturers and steel China.
The results of the inventory directly indicate a further weakening of demand from the domestic market, which can negatively affect the prices of metal products. Today, most traders in China are pessimistic, since the expected increase in consumption after the celebration of the Lunar New Year did not take place. A fairly low activity remains on the market and there is an increase in commodity residues in warehouses.
Stocks of metal rolling in warehouses in China are increasing the tenth week in a row
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Azovpromstal® 25 February 2013 г. 15:28 |
