WEEKLY: China's retail steel stocks decline for the 10th week

Retail stocks of the five major carbon steel items stockpiled in the commercial warehouses across China that Mysteel regularly monitors retreated for the tenth consecutive week over May 15-21, the results of Mysteel's latest weekly survey revealed.

As of May 21, the total inventories of rebar, wire rod, hot-rolled coil (HRC), cold-rolled coil (CRC) and medium plate held by traders in the 132 cities under Mysteel's tracking had thinned by 2.2% or 422,500 tonnes on week to 19.04 million tonnes, the survey results showed. But the pace