Tag: China’s steel inventory drops 4% w-o-w to 11.41 mnt

China’s steel inventory dropped by 4% w-o-w to 11.41 mnt today as compared with 11.84 mnt in the previous week, as per Lange Steel. Stocks of HRC and CRC fell by 1% each w-o-w to 2.66 mnt and 1.36 mnt respectively, while plate stocks remained flat w-o-w at 1.18 mnt. Stocks of rebar and wire…