Steel stocks at China's traders down but at a lower speed

Inventories of the five major steel items held by Chinese traders decreased for the eighth successive week over November 27-December 3, slipping by another 626,700 tonnes on week, according to Mysteel’s latest survey. But the decline narrowed further from the on-week fall of 742,300 tonnes over the prior survey period, as long steel demand in northern areas weakened while orders for flat steel still performed well.