WEEKLY: China's retail steel stocks dip after 10-week rise

Retail inventories of the five major carbon steel products held by traders and stored in the warehouses across China regularly tracked by Mysteel finally ended their 10-week rise during the week of March 13-19, 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 the 132 cities Mysteel monitors had retreated by 1.3% or 309,100 tonnes on week to 23.6 million tonnes as of March 19. Stocks of all five carbon steel items