Steel inventory with Chinese mills rose by 7% w-o-w to 15.92 mnt as on 10 Feb’23 against 14.89 mnt a week ago. Stocks of HRCs and CRCs inched up by 1% w-o-w to 3.01 mnt and 1.45 mnt respectively. Plates’ stocks also went up by 1% w-o-w to 1.42 mnt. Stocks of rebars and wire rods rose sharply by 12% and 7% w-o-w to 8.47 mnt and 1.58 mnt respectively.
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