China’s steel inventory declines 2% to 16.29 mnt, w-o-w

China’s steel inventory edged down 2% to 16.29 mnt today in comparison with 16.6 mnt a week ago, as per Lange Steel.

• HRC, CRC and plate stocks stood at 5.21 mnt, down 3% w-o-w
• Rebar and wire rods dropped 2% to 11.07 mnt compared to 11.25 mnt a week ago.