Stocks of the five major carbon-steel items at Chinese traders continued to trend downward over the week of May 2-8, but the pace of decline pace was slowed by the high levels of production, as well as the ebbing momentum of rises in demand, Mysteel Global notes.
WEEKLY: China’s finished steel stocks keep declining Apr 15, 2019
Stocks of the five major finished steel items at both mills and traders declined over the week of April 4-10 despite the high levels of production, mainly thanks to strong downstream demand encouraged by market optimism and pleasant weather, Mysteel Global notes.
WEEKLY: China’s steel stocks dip 2nd week, sales up Mar 18, 2019
Stocks of five major finished steel at both the Chinese traders and steel mills declined further during the week of March 7-13, and buying enthusiasm from both the traders and downstream consumers showed signs of improvement, market sources noted.