Stocks of the five major finished steel products held
by the 184 Chinese steel mills monitored by Mysteel emptied further for the
third straight week over October 22-28 to 6.05 million tonnes, mainly thanks to
better demand from end-users, according to Mysteel’s latest weekly survey.
Totalstocks of the five major items comprising rebar,
wire rod, hot-rolled coil, cold-rolled coil and mediumplate at the surveyed
millswere 4.7% lower from one week before. Among the total, rebar stocks posted
the sharpest on-week decline of 6.4%, the survey showed.
Yieh.com