According to the data showed on March 26, China's steel social inventory fell by 16.4% compared with the same period last year.

China's steel inventory is declining in proportion to production, and at the same time, the decline is gradually increasing, which shows the current tight supply and demand of steel in China.

Due to this situation, the price of raw materials and logistics costs have increased, coupled with various factors such as US dollar inflation, Chinese steel prices rose strongly.

If the supply and demand situation cannot be eased, steel prices will continue to rise, which will inevitably affect the development of downstream industries.