WEEKLY: China mills’ steel stocks empty by another 0.7%

Totalstocks of the five productscomprisingrebar, wire rod, hot-rolled coil, cold-rolled coil and medium plateat the surveyed mills’ yardsregistered 9.7 million tonnes as of March 3, lower by another 70,700 tonnes from the prior week, according to Mysteel’s latest weekly survey. “More than 80% of downstream users have resumed normal production by now, leading to the significant