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Chinese traders’ stocks dip further by 1% on week

Finished steel stocks at Chinese traders’ warehouses continued declining over August 7-13, but market sources said that demand was not very robust and that stocks held by mills saw rises, Mysteel Global noted.
The inventories of rebar, wire rod, hot-rolled coil (HRC), cold-rolled coil and medium plate among traders canvassed by Mysteel in 132 cities decreased for the second successive week by another 223,500 tonnes or nearly 1% on week to 22.6 million tonnes as of August 13, the latest survey showed. Among the


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