Haihao Group keeps clients updated on raw material market trends

At Haihao Group, we understand the importance of staying informed about the latest market trends in raw materials. By monitoring these changes closely, we aim to provide timely and valuable insights to our clients, helping them make informed decisions in their operations. Here is the latest update on the steel market for early May:

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Steel Inventory Trends

In early May, the social inventory of five major steel products in 21 cities stood at 11.55 million tons, reflecting a decrease of 440,000 tons or 3.7% compared to the previous period. Although inventories continued to decline, they are up by 4.26 million tons (58.4%) from the beginning of the year and by 250,000 tons (2.2%) from the same period last year.

Regional Inventory Changes

Analyzing by region, the social inventory of steel products showed varying trends:

Northeast China: Slight increase of 20,000 tons, up 2.4%.

Northwest China: Significant decrease of 140,000 tons, down 13.3%, the largest reduction in volume and percentage.

East China: Decrease of 90,000 tons, down 2.7%.

South China: Decrease of 80,000 tons, down 2.8%.

North China: Decrease of 70,000 tons, down 6.4%.

Southwest China: Decrease of 70,000 tons, down 4.6%.

Central China: Decrease of 10,000 tons, down 0.7%.

Product-Specific Inventory Changes

Among the five major steel products, all except hot-rolled coil saw a decrease in inventory:

Hot-Rolled Coil: Inventory increased by 60,000 tons (2.5%), reversing the previous downward trend. This is an increase of 980,000 tons (68.1%) from the beginning of the year and 330,000 tons (15.8%) from the same period last year.

Cold-Rolled Coil: Inventory decreased by 20,000 tons (1.5%), continuing a slight decline. Up by 320,000 tons (31.1%) from the beginning of the year and by 110,000 tons (8.9%) from the same period last year.

Medium and Heavy Plate: Inventory decreased by 40,000 tons (3.0%). Up by 370,000 tons (39.4%) from the beginning of the year and by 350,000 tons (36.5%) from the same period last year.

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Wire Rod: Inventory decreased by 110,000 tons (9.2%), with an expanding decline. Up by 250,000 tons (30.1%) from the beginning of the year but down by 430,000 tons (28.5%) from the same period last year.

Rebar: Inventory decreased by 330,000 tons (5.8%), continuing a downward trend. Up by 2.34 million tons (76.7%) from the beginning of the year but down by 110,000 tons (2.0%) from the same period last year.

Implications for Our Clients

By sharing these updates, Haihao Group aims to keep our clients well-informed about the fluctuations in raw material markets. Understanding these trends can help in planning procurement strategies, managing inventory efficiently, and ultimately optimizing production costs. We are committed to providing the best support and insights to ensure our clients can navigate market changes effectively.

Stay tuned for more updates and insights from Haihao Group, as we continue to monitor and analyze market trends to support your business needs. For more detailed information or specific inquiries, please contact us directly.