WEEKLY: China's retail steel stocks drop faster on week

Retail inventories of the five major carbon steel products in the warehouses across China regularly checked by Mysteel eased further and faster over March 20-26, according to Mysteel's latest weekly survey.

The combined stocks of rebar, wire rod, hot-rolled coil (HRC), cold-rolled coil (CRC) and medium plate stored in commercial warehouses in the 132 cities Mysteel monitors had retreated by 2% or 478,100 tonnes on week to 23.12 million tonnes as of March 26. The pace of the decline was