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China’s retail steel stocks grow for 2nd week, up 1.7%


The stocks of finished steel products held by trading houses across China grew for the second week over June 18-24, rising by 1.7% on week, according to Mysteel’s latest stocks survey, suggesting that steel demand from end-users is easing during the rainy season and hot summer weather.
Total inventories of the five major 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 increased by 370,900 tonnes on week to 22.3 million tonnes as of June 24. All five major items continued to show on-week


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