WEEKLY: Chinese mills' steel stocks fall 3% on week

Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey declined over March 13-19 after the slight rise during the previous week, with the total volume down by 3% on week to reach 5.35 million tonnes.

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 all five steel items slipped by varying degrees. Inventories of the five major steel products at traders' warehouses in the 132 Chinese cities monitored by Mysteel also