WEEKLY: China mills' steel stocks dip by 1.4%

Inventories of the five major carbon steel items held by the 184 Chinese steel mills under Mysteel's regular survey reversed down during June 29-July 5 after the rise during the previous week, the latest data showed. The total volume eased by 1.4% on week to 4.48 million tonnes.

The five major steel products comprise rebar, wire rod, hot-rolled coil, cold-rolled coil and medium plate. During the survey period, the on-week fall was mainly reflected in the stocks of rebar and wire rod. During this week, Chinese steel mills had accelerated their pace of deliveries while at the same