Tag: China steel stock
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Steel stocks at Chinese traders rise further ahead of holidays
The stocks of finished steel products held by trading warehouses in the 132 Chinese cities surveyed by Mysteel grew for the third straight week by 929,600 tonnes over January 14-20, faster than the growth of 404,100 tonnes in the prior week, according to Mysteel’s stocks survey. The faster rise in inventories was chiefly attributed to…