WEEKLY: Chinese mills' steel stocks rise on thin demand

Thinning demand from end-users led inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey to increase over January 30-February 5 to reach 3.97 million tonnes, climbing by 2.5% on week.

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 most major steel items rose by varying degrees, except for the decline of 3.9% on week in stocks of medium plate. The build-up in mills' total steel