WEEKLY: China's retail steel stocks rise for the 3rd week

Retail stocks of the five major carbon steel items held by the Chinese traders that Mysteel regularly checks rose during the week of July 31-August 6, climbing for the third consecutive week, the results of Mysteel's latest weekly survey showed.

On August 6, the combined 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 0.8% or by 148,000 tonnes on week to 19.53 million tonnes, the survey results showed. Sluggish steel consumption