WEEKLY: China's retail steel stocks swell further on week

Retail stocks of the five major carbon steel items stockpiled in the commercial warehouses across China that Mysteel regularly monitors rose for the second week during June 26-July 2, mounting by 1.9%, the results of Mysteel's latest weekly survey showed.

As of July 2, 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 Mysteel monitors had grown by 367,300 tonnes on week to 19.21 million tonnes, the survey results showed. Stocks of all five finished steel items posted on-week gains, with those