WEEKLY: Chinese mills' steel stocks down for 3rd week

Inventories of the five major carbon steel items held by the 184 Chinese steel mills under Mysteel's regular survey eased for a third week during October 26-November 1, with the total volume down by another 3.9% on week at 4.34 million tonnes.

Stocks of the five major steel products comprising rebar, wire rod, hot-rolled coil, cold-rolled coil and medium plate declined by varying degrees during the survey period, with the volume of wire rod and rebar seeing the largest on-week falls of 7.1% and 5.4% respectively, the findings showed. The further decrease