[Mon, 26 Aug 2024 12:09:38 +0300]

BEIJING August 26. 2024 (Saba) - Inventories at major steel mills in China rose by 3.48 percent by mid-August from the beginning of the month to 16.5 million tons, the highest level since last May.

Bloomberg News Agency quoted data from the China Iron and Steel Association on Monday as saying that the current inventory is 1.1 percent lower than the same period last year.

The daily production of crude steel at major Chinese companies in mid-August fell by 0.5 percent from the beginning of the month to 1.99 million tons per day.

Inventories at non-steel metal mills in China also fell to 10.2 million tons in the middle of the month.

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