NOTE: There will be no news updates on June 14 due to China's Dragon Boat Festival.
UTC+8 ( BJT)

Firm sales keep thinning China’s retail steel stocks

ABSTRACT

Chinese traders saw their inventories of steel at hand decline further over April 23-29 as business throughout this month remained steady, new Mysteel data shows. But market sources warned that the pace of stocks digestion may wane a little early next month from the disruption caused by the coming Labour Day holiday over May 1-5.
The inventories of rebar, wire rod, hot-rolled coil, cold-rolled coil (CRC) and medium plate held by among traders which Mysteel monitors in 132 cities decreased by 1.4 million tonnes or by 5.5% on week to total 24.5 million tonnes as of April 29, as against the on-week decline of 1

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