in september, steel demand has improved markedly, and the characteristics of consumption peak season have emerged. the weekly consumption of five steel products in the last week has increased by 370,000 tons to 1097.7 million tons, exceeding expectations.
From the inventory point of view, the current steel inventory has been declining for four consecutive weeks, and the decline has expanded. In the past week, the social stock and factory warehouse of five steel products fell by 625,000 tons, of which the stock of threaded steel dropped by 444,300 tons, which contributed significantly to the decline of the total stock of steel. The expansion of steel inventory decline is related to the centralized release of pre-restrained demand on the one hand, and the increase of new demand on the other hand, which indicates that the terminal demand has improved significantly.
From the spot market transaction point of view, the recent steel spot market purchasing and trading volume has steadily increased, the national main building materials market screw steel daily turnover of 210,000 tons, a new high in nearly three months. The average daily turnover of threaded steel exceeds 200,000 tons, which indicates that the demand for threaded steel is close to exuberant.