Retail stocks of the five major carbon steel items held by the Chinese traders that Mysteel regularly checks dropped substantially on-week during September 18-24, according to the results of Mysteel's latest weekly survey.

China's exports of carbon steel (non-alloy) hot-rolled coils (HRC) recorded their first on-year rise so far this year in August, with last month's export volume jumping by 12.6% on year to reach 1.52 million tonnes, according to the latest statistics from the General Administration of Customs (GACC)

Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey declined for the seventh consecutive week during the period of September 18-24 to touch an eight-month low of 3.83 million tonnes, slipping by 2.2% from one week before.