WEEKLY: Chinese mills' steel stocks fall 6% on week

Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey declined during the period of October 8-15, with the total tonnage slipping by 6% on week to reach 3.95 million tonnes.

The five major steel items comprise rebar, wire rod, hot-rolled coil (HRC), cold-rolled coil (CRC) and medium plate. During the survey period, inventories of all five steel items decreased, with the volume of HRC posting the sharpest on-week fall of 12.3%, the findings showed. The decline brought an end to