Since the removal of large-diameter steel pipes from storage for 13 weeks, the inventory of steel, building materials, and sheet metal has decreased by 9.856 million tons, 5.822 million tons, and 4.034 million tons respectively compared to the peak, which is 3.282 million tons, 1.866 million tons, and 1.407 million tons more than the same period last year (13 weeks); Considering the slight year-on-year increase in steel production from January to May this year, with a decrease in exports and an increase in imports, it reflects that demand for this year is still showing an upward trend. According to statistical data, the center calculated that the apparent consumption of crude steel in China from January to May was 391.18 million tons, a year-on-year increase of 3.3%, with a growth rate 0.8 percentage points higher than that from January to April. However, from the perspective of changes in inventory turnover rate, the current inventory turnover rate is gradually slowing down. Based on previous inventory changes, there is a high possibility of inventory recovery in mid June. June is usually the peak of steel production for the whole year, and steel demand is facing the test of high temperature and rainy weather. The risk of seasonal demand decline has increased, and the inventory turning point may be approaching.