WEEKLY: China's retail steel stocks rebound on week

Retail stocks of the five major carbon steel items stockpiled in traders' commercial warehouses across China that Mysteel regularly checks began mounting again during the week of July 17-23 after the previous week's slide, the results of Mysteel's latest weekly survey showed.

As of July 23, 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 edged up by 0.6% or by 118,200 tonnes on week to 19.19 million tonnes, the survey results showed. Stocks of