Tag: China’s steel inventory drops 3% w-o-w to 11.84 mnt

China’s steel inventory dropped by 3% w-o-w to 11.84 mnt today compared with 12.24 mnt in the previous week, as per Lange Steel. Stocks of HRC and plates edged down by 1% each w-o-w to 2.69 mnt and 1.18 mnt respectively, while CRC stocks inched up 1% w-o-w to 1.38 mnt. Stocks of rebars and…