On October 30, the China Iron and Steel Association released data showing that in the first three quarters, the average steel inventory volume of key enterprises was 16.85 million tons, the highest level in the past four years, up 8.7%, 3.6%, and 1.6% from the same period in 2025, 2024, and 2023, respectively. In early October, corporate inventories were 16.97 million tons, up 8.4% month-on-month, up 20.0% from the beginning of the year; social inventories were 9.39 million tons, up 2.7% month-on-month, up 30.2% from the beginning of the year. This year, especially since the second half of the year, steel inventories have remained high for nearly four years, curbing steel prices to a certain extent.

On October 30, the China Iron and Steel Association released data showing that in the first three quarters, the average steel inventory volume of key enterprises was 16.85 million tons, the highest level in the past four years, up 8.7%, 3.6%, and 1.6% from the same period in 2025, 2024, and 2023, respectively. In early October, corporate inventories were 16.97 million tons, up 8.4% month-on-month, up 20.0% from the beginning of the year; social inventories were 9.39 million tons, up 2.7% month-on-month, up 30.2% from the beginning of the year. This year, especially since the second half of the year, steel inventories have remained high for nearly four years, curbing steel prices to a certain extent.