China’s steel inventory drops marginally to 15.88 mnt

China’s steel inventory inched down 1% to 15.88 mnt today in comparison with 15.99 mnt a week ago, as per Lange Steel.

• HRC, CRC and plate stocks are assessed at 5.03 mnt, down 2% w-o-w
• Rebar and wire rods inventory remained flat at 10.84 mnt compared with 10.86 mnt a week ago.