WEEKLY: China's retail steel stocks drop slightly on week

Retail stocks of the five major carbon steel items held by the Chinese traders that Mysteel regularly checks declined slightly on-week during August 28-September 3, according to the results of Mysteel's latest weekly survey.

As of September 3, 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 down by 0.5% or by 95,300 tonnes on week to 19.2 million tonnes, the survey results revealed. By product,