Tag: Rise in China’s retail steel stocks slows further to 2% WoW

Over 1-7 March, stocks of five major finished steel products at traders’ warehouses across China continued to accumulate for the 12th consecutive week, Mysteel’s latest survey showed. However, traders’ inventories posted a milder 2% increase, compared with 6.4% in the prior period, thanks to the on-week improvement in steel consumption from end-users. As of 7…