According to data released by the China Iron and Steel Association (CISA), the stocks of finished steel products including plates, hot rolled coils, cold rolled coils, rebar and wire rods hold by the major steel markets in China totaled 22.508 million tons as of March 15th, rising by 192,000 tons from a week ago.

Among them, the stocks of wire rods rose by 70,000 tons while those for plates decreased by over 50,000 tons, both compared to the figures in a week ago.