WEEKLY: China's retail steel stocks decline faster on week

Retail stocks of the five major carbon steel items held by the Chinese traders that Mysteel regularly checks dropped faster during September 4-10, according to the results of Mysteel's latest weekly survey.

As of September 10, 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 thinned by 1.6% or by 303,500 tonnes on week to 18.9 million tonnes, the survey results revealed. The destocking rate