Flash | 22 Aug 2025 00:21:31 ET │ 9 pages China Materials 2025 On-ground Demand Monitor Series #123 – Steel Inventory and Consumption Data CITI'S TAKE In this series of notes, we aim to track and analyze high-frequency on- ground demand trends in China. Market expectations of a demand recovery have been largely cautious. Latest sector pecking order: aluminum > steel > copper > thermal coal > battery > gold > lithium > cement. Production — According to data from Mysteel, from Aug 15 to Aug 21, total China st ...