China's retail steel stocks mount for 2nd week

ABSTRACT
Finished steel stocks at trading warehouses across China continued to increase over December 2-8 after the 4,900 tonnes on-week uptick in the prior period, according to Mysteel's latest survey. The total climbed by another 106,100 tonnes on week, chiefly due to the softening demand in winter and higher steel production.

Some market insiders said the pace at which the stocks rose was slower than expected, mainly as logistics disruptions had eased due to the optimized COVID-19 prevention and control measures introduced by the central government. The stocks of rebar, wire rod, hot-rolled coil, cold-rolled coil and medium plate held by