WEEKLY: Chinese mills' steel stocks edge down

Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey declined slightly during the period of November 6-12 after the rise over the prior week, with the total volume down by a tiny 0.2% on week at 3.76 million tonnes.

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 most major steel items declined by varying degrees except for the on-week rise of 4.4% in HRC stocks, the findings showed. Some domestic steel mills