WEEKLY: Steel stocks held by Chinese mills reverse up

Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey finally increased during December 5-11 after their continuous fall over the prior eight weeks, with the total tonnage reaching 3.9 million tonnes, edging up 0.9% on week.

The five major steel items comprise rebar, wire rod, hot-rolled coil (HRC), cold-rolled coil (CRC) and medium plate. During the survey period, inventories of wire rod, HRC and medium plate accumulated by varying degrees, offsetting the decline in stocks of rebar and CRC, the survey results showed. Steel demand from