The social inventory of steel products started to bounce in China at the moment, as the construction material stock now decreased at a slower speed and the flat product stock stopped falling down and begin to climb up.

After dropping for 11 consecutive weeks, China's steel social inventory finally went back to an uptrend. According to data, up to the last day of 2020, the steel social inventory in China's key cities was around 7.7 million tons, a 0.89% growth compared with the previous week. Meanwhile, the construction material stock was roughly 3.84 million tons, and the flat product stock was around 3.86 million tons in total.