WEEKLY: China's retail steel stocks pull back on week

Retail stocks of the five major carbon steel items stored in the commercial warehouses across China that Mysteel regularly monitors ended their three-week rise to retreat during July 10-16, the results of Mysteel's latest weekly survey showed.

As of July 16, 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 declined by 1.3% or by 255,800 tonnes on week to 19.08 million tonnes, the survey results showed. Stocks of all