According to Mysteel data, the total stainless steel inventory continued to climb last week, 200 series inventory recovered again, 300 series inventory continued to climb and created a new high in the same period of nearly five years.
By region, foshan inventory is still at a historical low, but wuxi inventory is close to a historical high and continues to climb. Divided hot and cold rolling, the recent increase in cold rolling slightly.
Data of 51 stainless steel shows that in early November, the inventory of 300 series stainless steel in wuxi and foshan continued to recover year on year, reaching a new high in the same period in recent years. In general, the current supply pressure of 300 series stainless steel is still too large, the continuous accumulation of storage or the formation of a continuous pressure on the price.