Posted on 17 Oct 2025
Inventories of the five major carbon steel products held in the commercial warehouses of Chinese traders in the 132 cities under Mysteel's tracking rose slightly on week over October 9-16, according to Mysteel's latest weekly survey.
Stocks of the five major steel items – rebar, wire rod, medium plate, hot-rolled coil (HRC) and cold-rolled coil (CRC) – totalled 18.27 million tonnes as of October 16, up by 0.7% or 128,500 tonnes from October 1-8, China's National Day and Mid-Autumn Festival holiday period that ended on October 8.
Specifically, stocks of HRC and medium plates edged up on week and contributed to the overall stock accumulation, the survey data show, while inventories of rebar, wire rod and CRC trended downwards on week.
HRC inventories stood at 4.6 million tonnes as of October 16, up by 3.5% or 156,600 tonnes on week from October 1-8, while the inventories of medium plates were calculated at 2.58 million tonnes on October 16, gaining 4.9% or 120,700 tonnes on week from October 1-8.
Mysteel assessed the combined output of the five products among the 184 Chinese mills at 8.57 million tonnes, edging down by 0.74% or 63,600 tonnes from the holiday week.
Spot sales in the physical market picked up this week as some traders and end-users returned to the market to restock after the holidays. But sales after the break were rather dull, which led to the inventory accumulation and applied slight pressure to domestic steel prices, Mysteel Global noted.
On October 15, Mysteel assessed the national price of HRB400E 20mm dia rebar at Yuan 3,213/tonne ($451/t) including the 13% VAT, down by Yuan 44/t from October 9.
Meanwhile, inventories of the same five steel items among traders in Mysteel's smaller sample across 35 Chinese cities dipped fractionally by 0.2% or 23,200 tonnes over October 9-16 to 11.25 million tonnes.
Source:Mysteel Global
