Steel Product Stocks Decline in Major Chinese Cities

Steel

Inventories of steel products in major Chinese cities fell by 1.1 Mt week-on-week to 21.3 Mt on 17 April and have drawn down by 4.7 Mt since 13 March. However, stockpiles have remained above 20 Mt since late February, levels last witnessed in March 2014, according to data gathered by U-Metal.