I. Overall Inventory Status****

At the end of the month, the social inventory of large variety steel products in cities reached 10 million tons, a decrease of 1 million tons from the previous month, down by 1.%, with inventory continuing to decline; down by 1 million tons from the end of the previous month, a decrease of 1.%; down by 1 million tons from the beginning of the year, a decrease of 1.%; down by 1 million tons from the same period last year, a decrease of 1.%.

By the end of the month, looking at different regions, steel inventory in seven major regions saw a decrease in all areas except for North China and Northwest China, where it increased. Specifically: inventory in South China decreased by 10,000 tons, down 1.5%, marking the largest reduction; East China decreased by 50,000 tons, down 1.0%; Central China and Southwest China both decreased by 30,000 tons, down 0.8% and 0.6% respectively; Northeast China decreased by 20,000 tons, down 0.5%, showing the largest percentage drop; North China inventory increased by 10,000 tons, up 0.3%; Northwest China increased by 5,000 tons, up 0.2%.

2. Inventory Overview by Variety10月下旬，5大品种钢材社会库存环比均有不同程度下降，其中热轧板卷为减量和降幅最大品种，具体见下表。

1.hot-rolled coils

By the end of the month, the inventory of hot-rolled coils stood at 10 million tons, a decrease of 100,000 tons from the previous month, down by 1%, with the inventory reduction expanding; a decrease of 100,000 tons from the end of the previous month, down by 1%; an increase of 100,000 tons from the beginning of the year, up by 1%; and a decrease of 100,000 tons from the same period last year, down by 1%.

**2.**cold-rolled coils

At the end of the month, the inventory of cold-rolled coils stood at 100 million tons, a decrease of 10 million tons from the previous month, representing a decline of 10%, with the inventory reduction expanding; it was 10 million tons less than at the end of the previous month, a decrease of 10%; it increased by 10 million tons from the beginning of the year, an increase of 10%; and it was 10 million tons less than the same period last year, a decrease of 10%.

**3.**medium and heavy plate

At the end of the month, the inventory of medium and heavy plates was 100 million tons, a decrease of 10 million tons from the previous month, down by 10.0%, showing a slight fluctuation in inventory; a decrease of 10 million tons from the end of the previous month, down by 10.0%; an increase of 10 million tons from the beginning of the year, up by 10.0%; a decrease of 10 million tons from the same period last year, down by 10.0%.

**4.**wire

Late in the month, wire inventory was 10,000 tons, a decrease of 10,000 tons from the previous month, down by 0.%, with a narrowing decline in inventory; 10,000 tons less than late in the previous month, down by 0.%; 10,000 tons less than the beginning of the year, down by 0.%; 10,000 tons less than the same period last year, down by 0.%.

**5.**rebar

In late month, the inventory of rebar was 100 million tons, a decrease of 100 million tons from the previous month, down by 1.%, indicating a slight decline in inventory; a decrease of 100 million tons from late month, down by 1.%; a decrease of 100 million tons from the beginning of the year, down by 1.%; and a decrease of 100 million tons from the same period last year, down by 1.%.

Source: China Iron and Steel Association

Editor｜Hao Shuhui

Review | Liu Jiajun

Planning | Chen Xiaoli