WEEKLY: The decline on China's retail steel stocks continues

Retail inventories of the five major carbon steel products held in the commercial warehouses across China regularly checked by Mysteel thinned for the fourth consecutive week during April 3-9, 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 stockpiled in commercial warehouses in the 132 cities under Mysteel's coverage had retreated by 1.7% or 380,000 tonnes on week to 22.26 million tonnes as of April 9. Despite an on-week drop, the level