WEEKLY: Recovering demand slows growth in China's retail steel stocks

Retail inventories of the five major carbon steel products held by traders and stored in warehouses across China that Mysteel tracks swelled further during February 27-March 5 but at a slower pace than during the week before, according to the results of Mysteel's latest weekly survey.

Though end-user demand for the five finished steel items remained weak during the sample period, it had recovered to some extent as steel buyers had gradually resumed operations and reopened their businesses over the survey week, Mysteel Global noted. The combined stocks of rebar, wire rod, hot-rolled coil (HRC), cold-rolled