WEEKLY: China's retail steel stocks extend decline on week

Retail stocks of the five major carbon steel items stockpiled in the commercial warehouses across China that Mysteel regularly monitors retreated for the thirteenth week in a row over June 5-11, the results of Mysteel's latest weekly survey showed.

As of June 11, 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 retreated by a small 0.6% or 104,300 tonnes on week to 18.55 million tonnes, the survey results showed. But