WEEKLY: Growth in China's retail steel stocks slows further on week

Retail inventories of the five major carbon steel products held by traders and stored in the warehouses across China regularly tracked by Mysteel mounted further during March 6-12 but at a slower pace than during the week before, the results of Mysteel's latest weekly survey show.

The combined stocks of rebar, wire rod, hot-rolled coil (HRC), cold-rolled coil (CRC) and medium plate piled in commercial warehouses in the132 cities Mysteel monitors had edged up by 1.7% or 406,800 tonnes on week to 23.9 million tonnes as of March 12. The speed of inventory accumulation was 5.9