Ruters reported that stockpiles of steel products in major Chinese cities fell again this week as overall steelmaking capacity in northern Hebei province has yet to fully recover with a large number of small mills still operating at partial capacity because of energy saving shutdowns.
Non steel mill stockpiles of rebar rose slightly to 4.21 million tonnes by Friday up by 0.05% on the week.
Following is a table showing stockpile movements for key products over the past seven days.
Product Stockpile Level
1. Rebar 4.21 million tonnes up by 0.05%
2. Hot rolled coil 4.92 million tonnes down by 1.8%
3. Cold rolled coil 1.455 million tonnes down by 1.4%