China Rebar Stocks down 3.9% on Week

SHANGHAI, Mar 16 (SMM) – The total inventory of rebar across social warehouses and steel makers in China stood at 10.84 million mt as of Thursday March 16, down 443,200 mt or 3.9% from a week ago, and down 10.2% from the same period last year.

The inventory across social warehouses was 7.81 million mt, down 265,800 mt or 3.29% on the week, and a drop of 12.9% on the year.

The in-plant inventory stood at 3.03 million mt, down 177,500 mt or 5.5% on the week, and down 2.6% on the year.