WEEKLY: China's retail steel stocks accumulate further on week

Retail inventories of the five major carbon steel products in warehouses across China regularly checked by Mysteel rose for the fourth consecutive week over January 23-29, 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 mounted by another 2.7% or 399,900 tonnes to reach 15.08 million tonnes as of January 29, Mysteel's survey results