WEEKLY: Decline in China's retail steel stocks slows

Retail inventories of the five major finished steel products in warehouses throughout China declined further during December 26-31, albeit at a slower pace compared with the week prior, according to Mysteel's latest weekly survey.

The combined stocks of rebar, wire rod, hot-rolled coil (HRC), cold-rolled coil (CRC) and medium plate held by traders in commercial warehouses in the 132 cities Mysteel regularly checks eased by 1.7% or 251,800 tonnes on week to hit 14.26 million tonnes as of December 31. During the week