NOTE: There will be no news and data updates over January 31-February 4 due to the Chinese New Year holiday.
UTC+8 ( BJT)

WEEKLY: Falls in China's retail steel stocks slow down

ABSTRACT

Over December 24-30, total stocks of the five major finished steel products at commercial warehouses in China's 132 cities under Mysteel's survey declined for the 12th straight week but at a slower pace, down by a tiny 0.3% or 36,600 tonnes on week to perch at an 11.5-month low of 13.6 million tonnes, against the 3.5% fall in the prior week, and inventories may gradually build up towards the year-end, Mysteel noted.
Among the total five items, all but medium plate continued posting on-week drops in inventories, with the decline in hot-rolled coil being the largest at 92,900 tonnes on week to 2.85 million tonnes, a low since January 8. Meanwhile, stocks of rebar nudged down by 11,800 tonnes on week to

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