WEEKLY: Decline in Chinese retail steel stocks accelerates further

Retail stocks of the five major carbon steel items held by the Chinese traders that Mysteel regularly checks fell faster during September 11-17, according to the results of Mysteel's latest weekly survey.

As of September 17, 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 declined by 2% or by 372,600 tonnes on week to 18.5 million tonnes, the survey results revealed. The rate at