Flash: China's steel inventory grows over 3 million mt during CNY

SHANGHAI, Feb 23 (SMM) – China's social inventory of rebar this week stood at 8.06 million mt, up 32% from levels seen before Chinese New Year, SMM data showed. Wire rod inventory amounted to 2.7 million mt, up 39% from last week, and hot-rolled coil stocks grew 21% to 2.6 million mt. 

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