China: Steel inventory with mills inches down by 1% w-o-w

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Steel inventory with Chinese mills inched down by 1% w-o-w to 16.13 mnt as on 24 Feb’23 against 16.25 mnt a week ago.
Stock of HRCs and CRCs fell by 1% w-o-w to 2.87 mnt and 1.42 mnt, respectively. Plates’ stock fell by 5% w-o-w to 1.31 mnt.
Stock of rebars remained stable w-o-w at 8.84 mnt. Stock of wire rods inched up by 2% w-o-w to 1.69 mnt.

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