China Iron and Steel Association: As of late April, social steel inventory of five major types in 21 cities totaled 10.22 million tons, down 3.6%.

According to Golden Ten Data on May 4, a report from the China Iron and Steel Association shows that in late April, the social inventory of five major types of steel products across 21 cities stood at 10.22 million tons, a decrease of 380,000 tons or 3.6% compared to the previous period, with inventories continuing to decline. However, compared to the beginning of the year, inventory increased by 3.01 million tons, up 41.7%; and compared to the same period last year, it increased by 1.37 million tons, up 15.5%.