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China retail steel stocks falls to 10.5-month low

ABSTRACT

Over December 3-9, total stocks of the five major finished steel products at commercial warehouses in the 132 Chinese cities Mysteel tracks declined for the ninth straight week and hit a 10.5-month low of 14.7 million tonnes, the regular stocks survey found. This was also down 2.8% or 424,300 tonnes on week.
During the week, inventories of rebar, wire rod, cold-rolled coil and medium plate at the surveyed trading houses registered on-week falls, while hot-rolled coil stocks reversed up after declining for eight consecutive weeks, the survey indicated.   Among them, rebar stocks dropped the most, sliding by 318,500 tonnes on week to 5.7 million tonnes, the

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