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中国材料 - 实时监测- 钢铁库存与消费数据-China Materials_ 2025 On-ground Demand Monitor Series #115 – Steel Inventory and Consumption Data
2025-08-11 02:58

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the steel industry in China, tracking high-frequency demand trends and production data [1] Core Insights - Production Data: - Total steel production in China from August 1 to August 7 was 8.7 million tons (mt), reflecting a 0.2% week-over-week (WoW) increase and a 10.9% year-over-year (YoY) increase. - Breakdown of production: - Rebar: 2.2 mt (+4.8% WoW, +31.2% YoY) - Hot-Rolled Coil (HRC): 3.1 mt (-2.4% WoW, +3.7% YoY) - Cold-Rolled Coil (CRC): 0.9 mt (-1.3% WoW, +6.1% YoY) [1] - Year-to-Date Production: - Total steel production from the beginning of the year was 274 mt, down 0.8% YoY. - Year-to-date production breakdown: - Rebar: 68.2 mt (-3.4% YoY) - HRC: 102.3 mt (+0.5% YoY) - CRC: 27.7 mt (+2.2% YoY) [1] - Inventory Levels: - As of August 7, China's steel inventory stood at 13.8 mt, up 1.7% WoW but down 20.2% YoY. - Inventory breakdown: - Steel mills: 4.1 mt (+0.8% WoW, -12.3% YoY) - Traders: 9.6 mt (+2.1% WoW, -23.1% YoY) - Rebar: 5.6 mt (-22.7% YoY) - HRC: 3.6 mt (-18.5% YoY) - CRC: 1.4 mt (-24.3% YoY) [1] - Apparent Consumption: - For the week of August 1 to August 7, apparent consumption was 8.5 mt, down 0.7% WoW but up 4.6% YoY. - Lunar calendar consumption showed a 5.6% YoY increase. - Breakdown of apparent consumption: - Rebar: 2.1 mt (+3.6% WoW, +10.5% YoY) - HRC: 3.1 mt (-4.3% WoW, +2.6% YoY) - CRC: 0.9 mt (-2.7% WoW, -0.2% YoY) [1] - Year-to-Date Apparent Consumption: - Total apparent consumption year-to-date was 271.2 mt, down 0.4% YoY. - Breakdown: - Rebar: 66.7 mt (-3.8% YoY) - HRC: 101.7 mt (+1.2% YoY) - CRC: 27.8 mt (+4.0% YoY) [1] Additional Insights - The report indicates a cautious market expectation regarding demand recovery in the steel sector, with a pecking order of demand recovery being aluminum > steel > copper > thermal coal > battery > gold > lithium > cement [1] This summary encapsulates the key data and insights from the conference call regarding the steel industry in China, highlighting production, inventory, and consumption trends.