WEEKLY: Chinese mills' steel stocks edge down

Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey declined slightly during the period of June 26-July 2, with the total tonnage standing at 4.54 million tonnes, dipping by 0.5% from the prior 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 wire rod and HRC climbed higher, while those of other major steel items decreased by varying degrees, the survey results showed. The decrease in total inventories held