WEEKLY: China's retail steel stocks tick up after 11-week fall

Retail inventories of the five major finished steel products in warehouses across China tracked by Mysteel increased during the week of January 1-8, ending the decline seen over the eleven previous weeks, 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 had mounted by 1.9% or 273,800 tonnes to register 14.54 million tonnes as of January 8. Moreover, the total inventory was