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China’s retail steel stocks fall for 7th week


Stocks of five major finished steel products held by Chinese trading houses regularly canvassed by Mysteel recorded a seventh straight week drop over September 10-16, falling by 1.8% or 408,400 tonnes on week, according to the weekly stocks survey. The on-week fall in percentage points for the survey period was the same as that in the prior week.
The survey data showed that inventories of the five major steel products comprising rebar, wire rod, hot-rolled coil (HRC), cold-rolled coil (CRC) and medium plate at commercial warehouses in the 132 cities monitored nationwide declined to 22.2 million tonnes by September 16. Among the total, the stocks of rebar, wire rod


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