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

Retail stocks of the five major carbon steel items held by the Chinese traders that Mysteel regularly checks declined for the fifth week in a row during November 6-12, according to Mysteel's latest survey result.

As of November 12, 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 1.7% or by 285,200 tonnes on week to 16.66 million tonnes, the survey