WEEKLY: Chinese mills' steel stocks down for 3rd week

Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey moved down for the third consecutive week over October 23-29, with the total volume of 3.74 million tonnes slipping by 3.1% on week and marking the lowest level since late January 2025.

The five major steel items comprise rebar, wire rod, hot-rolled coil (HRC), cold-rolled coil (CRC) and medium plate. During the latest survey period, inventories of rebar, wire rod, CRC and medium plate declined by varying degrees, offsetting the slight rise seen in HRC stocks, the survey results showed. On the