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WEEKLY: Mills' steel stocks dip 2%, trader's up 13.4%

Abstract:The inventories of five major steel products including rebar, wire rod, HRC, CRC and medium plate at steel mills declined slightly by 2%, while that at the traders surged 13.4% on week over February 5-9, mainly because of the last-minute restocking by traders before the official Chinese New Year holiday on February 15-21, according to Mysteel's latest weekly inventory survey released on February 9.
The inventories of five major steel products including rebar, wire rod, HRC, CRC and medium plate at steel mills declined slightly by 2%, while that at the traders surged 13.4% on week over February 5-9, mainly because of the last-minute restocking by traders before the official Chinese New Year holiday

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