China: Steel inventory drops 2%, w-o-w, to 15.62 mnt

China’s steel inventory dropped 2% to 15.62 mnt today in comparison with 15.88 mnt a week ago, as per Lange Steel.

• HRC, CRC and plate stocks are assessed at 4.93 mnt, down 2% w-o-w
• Rebar and wire rods inventory stand at 10.69 mnt, down 1% compared with 10.84 mnt a week ago.