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WEEKLY: China mills' steel stocks reverse up again

Stocks of the five major finished steel products at the 184 Chinese steelmakers Mysteel surveys weekly resumed climbing over August 6-12, reflecting higher output and slowing procurement from end users, Mysteel Global learned.
As of August 12, total inventories at the surveyed steel mills were at 6.8 million tonnes, reversing up 3.7% on week after the short-lived decline over the prior week, according to Mysteel’s latest weekly survey. The tonnage was 26% higher compared with the same period last year. “Many domestic steel mills ramped up production after

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