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

Retail stocks of the five major carbon steel items held by the Chinese traders that Mysteel regularly checks declined for the fourth consecutive week during October 30-November 5, according to Mysteel's latest survey result.

As of November 5, 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 slipped by 1.5% or by 256,000 tonnes on week to 16.94 million tonnes, the survey