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Chinese steel stocks rise for first time in five months |
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administrator |
DATE |
2009-08-24 08:45:52 |
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Chinese steel stocks rise for first time in five months
23 Aug 2009
According to the China Iron & Steel Association, China steel inventories have risen for the first time in the past five months.
Stocks for construction steels rebar and wire rod increased by 6% to 4.26 million tonnes by end July.
Hot rolled coil stocks were up by 7%MoM at 2.9 million tonnes. That’s 81% and 95% higher than the beginning of this year.
Resource from ssyonline.com |
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