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Climb in China’s retail steel stocks slows to just 0.1%

ABSTRACT

The stocks of finished steel products held by trading houses across China monitored by Mysteel moved up for the sixth week over July 16-22, though the inventories only rose by a minor 0.1% on week, the latest stocks survey showed.
By July 22, total inventories of the five major products including rebar, wire rod, hot-rolled coil (HRC), cold-rolled coil and medium plate held by the surveyed traders in the 132 cities under Mysteel’s tracking had increased by a mere 28,900 tonnes on week to reach 23.3 million tonnes. Among the five

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