WEEKLY: Chinese mills' steel stocks climb further

Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey mounted further during the period of June 5-11 to 4.28 million tonnes, rising for the second week by 2.3% on week.

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 most major steel items increased by varying degrees, except for the dip in HRC stocks, the findings showed. The further accumulation was mainly the result of a