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UTC+8 ( BJT)

Firm sales continue to shrink China’s retail steel stocks


The stocks of finished steel held by Chinese traders sampled by Mysteel declined by another 1.5 million tonnes on week over April 9-15 amid steady steel demand and despite steel prices still hovering high, Mysteel Global noted.
The inventories of rebar, wire rod, hot-rolled coil, cold-rolled coil and medium plate at trading warehouses in 132 cities nationwide lost 5.2% on week to reach 26.9 million tonnes as of April 15 and made for the sixth straight weekly fall. This compares with the decline of 4.3% on week


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