Tag: Chinese mills’ steel stocks rise 28% over CNY break

Inventories of the five major carbon steel items held by Chinese steel mills sampled in Mysteel’s regular survey rose by a substantial 28% over 8-17 February to reach 6.56 million tonnes as the Chinese New Year (CNY) holiday over February 10-17 disrupted deliveries. The five major steel products comprise rebar, wire rod, hot-rolled coil, cold-rolled…