WEEKLY: Traders' steel stocks hit 4-y high at 10.8 mln t | Mysteel Global
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WEEKLY: Traders' steel stocks hit 4-y high at 10.8 mln t

Inventories among Chinese traders of the five major steel products comprising rebar, wire rod, hot rolled and cold rolled coils and medium plate over March 5-9 surged 6.1% on week to reach the highest level since March 2014, Mysteel has learned. At the same time inventories among the surveyed steel mills were also up slightly, rising by 0.7% on week, chiefly because downstream demand has not recovered as quickly as excepted resulting in a lacklustre market, according to Mysteel's latest survey released on March 9.
Inventories among Chinese traders of the five major steel products comprising rebar, wire rod, hot rolled and cold rolled coils and medium plate over March 5-9 surged 6.1% on week to reach the highest level since March 2014, Mysteel has learned. At the same time inventories among the surveyed steel

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