Category: Wire Rod
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China: Finished steel inventories fall, buyers cautious on price volatility
Finished steel inventories at retail warehouses across China declined for an eleventh straight week during December 18-24 though the pace of the decline continued slowing as market sentiment was cautious amid the drastic fluctuations in steel prices, Mysteel Global noted. According to the latest survey, stocks of rebar, wire rod, hot-rolled coil, cold-rolled coil and…