Retail stocks of the five major carbon steel items held by the Chinese traders that Mysteel regularly checks declined for the fourth consecutive week during October 30-November 5, according to Mysteel's latest survey result.

China's metallurgical coke market is expected to come under further downward pressure in November, as a softening steel market may prompt mills to push down coke prices in an effort to rebalance profit distribution along the industrial chain. However, the downside is likely to be limited by potentia

China's market for semi-finished steel is likely to remain under pressure from oversupply and weakening cost support in November, keeping prices of major semis items such as billet and slab hovering around recent lows. A potential contraction in supply in the second half of the month could lend some