Last week, China's overall steel stock decreased gradually. In terms of supply, after most of China's steelmakers reduced their output for three weeks, the production of construction steel stayed at a low level. Therefore, the steel prices might increase and further make the supply grow.

The steel demand in China increased last week. The balance between supply and demand went toward stable gradually. In addition, china's stimulated policies kept making the economy grow.

Also, most of China's industries recovered strongly. As a result, China's steel market will be positive from July, and the inventory consumption will speed up.