Tag: Chinese traders’ steel stocks fall further to a 5-month low

Stocks of the five major finished steel products held by Chinese traders nationwide decreased for a third consecutive week over July 1-7 to reach a five-month low, or down 2.3% on week, Mysteel Global noted, due mainly to the on-week fall in production. The inventories of rebar, wire rod, medium plate, hot-rolled coil and cold-rolled…