China's steel inventory edges down marginally to 13.93 mnt

China's steel inventory edged down by 1% to 13.93 mnt today as against 14.12 mnt a week ago, as per Lange Steel.

• Stocks of HRC, CRC and plates inched up by 2%, 1% and 1% w-o-w to 2.44 mnt, 1.37 mnt and 1.15 mnt respectively.
• Stocks of rebar and wire rods dropped by 3% each w-o-w to 7.21 mnt and 1.75 mnt respectively.