WEEKLY: Steel stocks at Chinese mills rise slightly

Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey witnessed a slight rise over March 6-12 to reach 5.52 million tonnes, edging up 0.5% on week after the dip of 0.3% during the prior 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 rebar, wire rod and medium plate increased by varying degrees, offsetting the decline in stocks of HRC and CRC, the findings showed. Some domestic steel mills, especially