Overall Construction Steel Demand Maintains a Weak Stability in the Short Term

According to SMM statistics, mill stocks and social stocks of construction steel both saw some destocking in the current period. Total construction steel inventory came in at 6.5646 million tonnes, down 224,700 tonnes period-on-period, or −3.31%, indicating a slowdown in the pace of destocking. On the supply side: According to widespread feedback from long-process mills, ...