China's offshore steel destocking slows down

China's steel social inventory fell 614900 tons last week, a 7-month decline. However, compared with previous weeks, the speed of offshore steel and so on steel destocking is slowing down, which means that demand has started to fall from the peak. Will the rising steel price also usher in periodic adjustment?

Last week, China's main steel social inventory was 17.2191 million tons, a decrease of 614900 tons compared with the previous week, a decline for seven consecutive weeks. Overall, the speed of offshore steel and so on steel destocking has slowed down. Considering that the steel market will enter the traditional off-season demand from May, the pace of destocking may further slow down. In this context, the most concern of the upstream and downstream of the steel industry is whether the steel price will also usher in an inflection point.

Hot ProductsSee More+

  • Shipbuilding steel pipe

    Shipbuilding steel pipe

    GB T 5312 Carbon and carbon-manganese steel seamless steel tubes and pipes are mainly for ship use, also known as shipbuilding steel pipes. Under GB T 5312, there are mainly 5 steel grades: grade 320, 360, 410, 460 and 490. Each grade covers three levels: I, II, III.

  • Shipbuilding use angle steel

    Shipbuilding use angle steel

    Angle steel, commonly known as angle iron, is a long strip of steel whose sides are perpendicular to each other. There are equal angle steels and unequal angle steels. The two sides of equal angle steel are equal in width. The unequal angle steel is also known as L shape profile steel.

  • Shipbuilding flat bar

    Shipbuilding flat bar

    Flat bar steel can be produced according to the user's needs, with fixed thickness, width and length. It can reduce the cutting process for users, reduce the consumption of labor and materials, and also reduce the processing loss of raw materials.

  • Bulb flat steel for shipbuilding

    Bulb flat steel for shipbuilding

    The bulb flat steel is a kind of medium section material which is mainly used in the field of shipbuilding and bridge building, and the shipbuilding bulb flat steel is an auxiliary medium section material for shipbuilding.

  • FH40 Shipbuilding steel plate

    FH40 Shipbuilding steel plate

    The steel for shipbuilding and oil platform---FH40, is the high tensile strength steel.The shipbuilding steel FH40 is the Hull structural steel.We can provide FH40 shipbuilding steel plate price.

  • EH40 Shipbuilding steel plate

    EH40 Shipbuilding steel plate

    The steel for shipbuilding and oil platform---EH40, is the high tensile strength steel.The shipbuilding steel EH40 is the Hull structural steel.We can provide EH40 shipbuilding steel plate price.

You can contact us through the following ways:

If you are interested in our company or products, welcome to visit our company or local offices; you can also get contact with us through online consulting, demand table submission, e-mails and telephones. Our staff shall wholeheartedly provide product information, application knowledge and good service for you.

  • Address:XICHENG SCIENCE & TECHNOLOGY BUILDING HIGH-TECH DEVELOPMENT ZONE, ZHENGZHOU, CHINA
  • Hotline:0086-371-86151827
  • Fax:    0086-371-86011881
  • E-mail:[email protected]