After the National Day holiday, the total social stock of steel increased by 2.9% to 9.935 million tons, down 2.9% than the week before the holiday. Of which 1.468 million tons of thread by 6.1%; wire 113.3 million tons by 5%; hot rolled 2.17 million tons by 6.9%; cold rolled 1.175 million tons by 1.3%; plate 989,000 tons by 6.7%. We believe that last week coincides with the National Day holiday, traders are mostly from the city, steel consumption close to the freezing point, while the steel is normal delivery, leading to substantial increase in inventories around. Currently out of stock phenomenon is small, but due to Tangshan 10-20 again limited production, business mentality is acceptable, and the steel mills are forced to cost pressures are very price will, so the overall steel prices steady this week.