Tag: China’s steel inventory drops 2% w-o-w to 13.97 mnt

China’s steel inventory fell by 2% to 13.97 mnt today against 14.28 mnt in the previous week, as per Lange Steel. Stocks of HRC and CRC edged down by 1% each w-o-w to 2.61 mnt and 1.33 mnt respectively while plate stocks dropped by 2% w-o-w to 1.18 mnt. Stocks of rebar fell by 4%…