Tag: China mills’ steel stocks retreat to 8-month low

Inventories of the five major carbon steel products comprising rebar, wire rod, hot-rolled coil, cold-rolled coil and medium plate held by the 184 Chinese steel mills sampled in Mysteel’s regular survey reversed down during September 22-28 after rising for two weeks, dropping by 7.7% on week to an eight-month low of 4.63 million tonnes, thanks…