UTC+8 ( BJT)

China’s retail steel stocks rise by 2.6%


The stocks of finished steel products in trading houses across China over June 11-17 increased by 2.6% on week after five weeks of declines, Mysteel’s latest stocks survey has found. Survey participants said demand from end-users has slowed as the slack steel consumption season has arrived with the hot and humid weather.
Total inventories of the five major finished steel products comprising rebar, wire rod, hot-rolled coil (HRC), cold-rolled coil and medium plate held by traders in the 132 Chinese cities Mysteel monitors reversed up by 564,600 tonnes on week to reach 21.9 million tonnes as of June 17. All five major items


To read the full article take a free 7-day trial to Mysteel Global

+65 6653 8227