Analysis of steel social stocks in February 2019

In February 2019, the total social inventories of five majorcategories of steel products in 20 cities across the country rebounded by alarge margin, and all five varieties showed an upward trend. Among them, thelarger varieties were long products, which increased by more than 50%. Thismonth (February, the same below) total inventory of 12.24 million tons, anincrease of 3.85 million tons, an increase of 46%; of which the steel marketinventory total 11.14 million tons, an increase of 3.81 million tons, up 52%,port inventory of 1.1 million Tons, an increase of 50,000 tons from theprevious month, an increase of 4.3%.

The social inventory of the five major varieties of steelincreased this month, with hot rolled coil stocks up by 13.7%, cold rolled coilstocks up by 6.8%, medium and heavy stocks up by 20.5%, and wire stocks by62.6%. Steel inventories rose by 93.3% from the previous month, and totalinventory increased by 46.0% from the previous month. See the table below fordetails.