Tag: China steel stock
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China’s retail steel stocks fall to 8.5-month low
Total stocks of five major finished steel products held by Chinese trading houses in 132 cities under Mysteel’s tracking fell for the third week over October 22-28 to an 8.5-month low, with the declining pace at 3.7% or 716,900 tonnes on week, the regular stocks survey found. Consequently, as of October 28 total inventories of…