Category: Wire Rod
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Steel stocks held by Chinese traders grow 0.5% w-o-w
Stocks of the five major finished steel products held by traders increased for a fifth consecutive week over July 17-23, but only by 0.5% on week, as against the 1.5% on-week rise in the prior period, Mysteel Global noted. The more sedate rise indicated that actual demand has been picking up as the rains impacting…