WEEKLY: China's retail steel stocks retreat on week

After mounting for three weeks, retail stocks of the five major carbon steel items held by the Chinese traders that Mysteel regularly checks finally declined during August 7-13, according to the results of Mysteel's latest weekly survey.

As of August 13, 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 dropped marginally by 0.6% or by 120,000 tonnes on week to 19.41 million tonnes, the survey results revealed. All five