China Iron and Steel Association: Steel social inventory of 10.88 million tons in late February, up 14.2% month-on-month

In late February, the social inventory of five major types of steel in 21 cities reached 10.88 million tons, an increase of 1.35 million tons or 14.2% compared to the previous month, with inventories continuing to rise; compared to the beginning of the year, it increased by 3.67 million tons or 50.9%; compared to the same period last year, it decreased by 150,000 tons or 1.4%. (China Iron and Steel Association)