WEEKLY: China's retail steel stocks slide further on week

Retail stocks of the five major carbon steel items held by the Chinese traders that Mysteel regularly checks declined for the third consecutive week during October 23-29, according to Mysteel's latest survey result.

As of October 29, the combined inventories of rebar, wire rod, hot-rolled coil (HRC), cold-rolled coil (CRC) and medium plate held by traders in the 429 commercial warehouses in 132 cities Mysteel monitors had declined by 1.8% or by 309,000 tonnes on week to 17.2 million tonnes, the survey