WEEKLY: Chinese mills' steel stocks decline slightly

Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey edged down during January 23-29, albeit slightly, with the total tonnage easing by a tiny 0.2% on week to reach 3.88 million tonnes.

The five major steel items comprise rebar, wire rod, hot-rolled coil (HRC), cold-rolled coil and medium plate. During the survey period, inventories of CRC and medium plated declined, while those of other major steel items accumulated by varying degrees, the findings showed. However, inventories of the five major steel products