Affected by the accelerated construction of the construction site in the second half of the year, demand has increased. Therefore, from the middle and late October, the steel social inventories showed a continuous decline of 7 consecutive times, directly breaking the minimum inventory level during the year.

According to the monitoring data, as of November 30, 2018, the social stocks of steel in 29 key cities nationwide were 7.035 million tons, a decrease of 168,000 tons from the previous week, a decrease of 1.431 million tons from the same period of last month, compared with March 9, 2018. On the day, the highest inventory level of 17.653 million tons decreased by 10.618 million tons, a 60% drop, and a decrease of 186,000 tons compared with the same period last year.

In addition, the inventory of building materials and plate also declined for 7 consecutive weeks. According to the data, as of November 30, the inventory of construction steel in key cities in China was 3.28 million tons, down by 120,900 tons from last week, down 22.47% from the same period of last month and down 9.4% from the same period of last year. Rebar stocks in key domestic cities were 2,408,300 tons, down by 99,200 tons from last week, down 22.26% from the same period of last month and down 9.76% from the same period last year. The stock of medium and heavy plates in key cities in China was 960,000 tons, down 16,000 tons from last week, down 10.12% from the same period of last month and down 2.95% from the same period of last year.