WEEKLY: China's retail steel stocks mount further, faster

Retail inventories of the five major finished steel products in warehouses across China regularly checked by Mysteel rose further and faster over January 16-22, 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 monitors had risen by 0.8% or 114,600 tonnes on week to reach 14.68 million tonnes as of January 22, Mysteel's survey