WEEKLY: China's retail steel stocks decline for the 4th week

Retail stocks of the five major carbon steel items held by the Chinese traders that Mysteel regularly checks dropped substantially on-week during September 18-24, according to the results of Mysteel's latest weekly survey.

As of September 24, 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 eased by 3.9% or by 725,300 tonnes on week to 17.8 million tonnes, the survey results revealed. The destocking rate