China’s steel inventory edges down w-o-w to 13.84 mnt

China’s steel inventory edged down by 1% to 13.84 mnt today against 13.93 mnt a week ago, as per Lange Steel.

• Stocks of HRC rose 2% w-o-w to 2.48 mnt while CRC and plate stocks were down marginally by 1% each to 1.35 mnt and 1.14 mnt respectively.
• Stocks of rebar and wire rods fell 1% and 3% w-o-w to 7.17 mnt and 1.70 mnt respectively.